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December 24, 2013updated 04 Apr 2017 2:37pm

CI Investments names Marret Asset Management sub-advisor to four funds

CI Investments has announced that Marret Asset Management, an investment firm specializing in fixed income, has been appointed sub-advisor to four mutual funds, effective on or before January 31, 2014.

By Verdict Staff

CI Investments has announced that Marret Asset Management, an investment firm specializing in fixed income, has been appointed sub-advisor to four mutual funds, effective on or before January 31, 2014.

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Derek J. Green, president, CI, said: "We are pleased to add Marret’s extensive capabilities in fixed-income investing to the CI lineup. CI already offers one of Canada’s strongest lineups of portfolio management teams and these changes deepen the expertise available in our funds."

Marret will manage a portion of the portfolios of Harbour Growth & Income Fund, Harbour Growth & Income Corporate Class and Harbour Global Growth & Income Corporate Class. Portfolio Manager Paul Sandhu of Marret will invest in government and investment-grade bonds for the three funds.

Mr. Sandhu has over 29 years of experience in domestic and international fixed-income markets. Marret will work under the direction of Lead Portfolio Manager Roger Mortimer of Harbour Advisors, who retains responsibility for the funds’ asset allocation, as well as security selection within the equity portion of the portfolios.

In addition, Marret will manage a portion of the portfolio of Select Income Managed Corporate Class, a diversified, multi-manager income fund. Marret Chief Investment Officer Barry Allan will be managing a portfolio of high-yield corporate bonds for the fund. Mr. Allan, who founded Marret in 2001, has over 30 years of investment experience.

CI Investment Consulting, Signature Global Asset Management and Cambridge Global Asset Management continue as the other portfolio managers of Select Income Managed Corporate Class, which invests in Canadian and foreign government bonds, investment-grade and high-yield corporate bonds and high-yielding equities.

The fund is part of Portfolio Select Series, a comprehensive investment program that provides diversified portfolios tailored to a client’s individual needs, with the tax efficiency of CI’s Corporate Class platform. Portfolio Select Series was named Best Fund of Funds at the 2013 Morningstar Awards, the third consecutive year CI has been the winner in this category.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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