Global Opportunities. CI Global Solutions

Transcription

1 Global Opportunities CI Global Solutions

2 Global Opportunities Where can investors find the best opportunities today? From 2000 to 2010, the Canadian stock market consistently outperformed its global counterparts. In the first quarter of 2011, however, this trend reversed and Canadian stocks have lagged. Today global and international equity funds account for only 8% of total long-term fund assets compared to 32% at the end of As investors start returning to equity funds, it is expected that global and international funds will be their top choices. Canadian vs. Global Sector Weightings For investors seeking greater global diversification, CI Investments offers a wide variety of options. CI s global equity funds offer these important benefits: Geographic diversification Markets around the world do not always move in tandem. By investing globally, you gain exposure to some of the world s best-performing markets and reduce risk. Sector diversification In Canada, three sectors financials, materials and energy make up over 70% of the benchmark index, which exposes Canadian investors to considerable concentration risk. Investing in global equities provides investors with increased exposure to all sectors and asset classes ,, Other 64% 72% % 28% 0 Source: PALTrak as of June 30, 2013 MSCI World Index S&P/ TSX Index

3 A larger investment universe Why limit yourself to companies that are based in Canada? Canada s equity markets represent just a fraction of the world s total market capitalization. Most of the world s companies and investment opportunities reside outside our borders. Access to more attractive valuations As of June 28, 2013, the MSCI World Index was trading at an average P/E multiple of 17.8, while the S&P/TSX Composite Index was trading at an average P/E of Canadian equities are currently trading at a premium when compared to other regions. Rest of the world Source: MSCI as of June 30, 2013 Canada Currency diversification Many of the fundamentals that supported a strong Canadian dollar over the past six years no longer exist. Currency traders are predicting a period of Canadian dollar depreciation. By investing globally, Canadians can diversify their portfolios by currency and position their portfolios to benefit should the dollar fall. In fact, a depreciating dollar can enhance the return of a global equity portfolio. Active and expert management CI has a strong lineup of award-winning management teams consisting of experts who specialize in their sectors on a global basis. Research related to global companies can be less abundant and less transparent, so it is important to have skilled managers who have access to accurate, timely information about global markets. Access to higher growth rates in emerging markets Growth rates in emerging markets remain higher than in the developed world, especially in sectors such as health care, as more people in the developing regions of the world adopt the use of modern pharmaceuticals. Maintaining exposure to these markets may enhance investment returns.

4 Fund Signature Global Dividend Fund Cambridge Global Equity Corporate Class Signature Select Global Fund Black Creek Global Leaders Fund Black Creek International Equity Fund Harbour Foreign Equity Corporate Class Signature Emerging Markets Fund CI Global Solutions Investment objective To achieve a high total investment return by investing in primarily equity securities of companies anywhere in the world that pay, or may be expected to pay, dividends, as well as in other types of securities that may be expected to distribute income. To achieve long-term capital growth by investing, directly or indirectly, primarily in equity securities of companies located anywhere in the world. Indirect securities may include convertible securities, derivatives, equity-related securities and securities of other mutual funds. To obtain maximum long-term capital growth by investing primarily in equity and equity-related securities of companies throughout the world that the portfolio advisor believes have good growth potential. The fund may make large investments in any country, including emerging markets or emerging industries of any market. The fund may invest indirectly, including through securities of other mutual funds and the use of derivatives. To generate long-term capital by investing, directly or indirectly, in equity or equity-related securities of companies located anywhere in the world. Indirect investments may include convertible securities, derivatives, and securities of other mutual funds. To seek long-term capital growth by investing primarily in equity securities of companies located outside of Canada and the United States. To fulfill this objective, the Fund will primarily invest in a portfolio of equity securities of companies domiciled in countries outside of Canada and the, including companies located in emerging markets. It may invest in small, medium and large companies, and may hold cash and cash-equivalent securities. Although diversified by country, industry and company, the Fund s portfolio may hold larger positions in a smaller number of securities. To obtain long-term capital growth consistent with the preservation of capital. It invests primarily in equity and equityrelated securities of large and mid-capitalization companies around the world that the portfolio advisor believes have good potential for future growth and are attractively priced. The fund will make investment chiefly in leading industrialized nations and may from time to time invest in emerging markets. To obtain maximum long-term capital growth by investing in equity and equity-related securities of companies that the portfolio advisor believes have good growth potential and that are located in emerging markets and emerging industries of any market. Australia Asia Emerging Markets Canada Utilities Telecom Panama United Arab Emirates France Portugal Netherlands Austria Japan Asia Latin America Australia Europe ex-eu Japan Africa Middle East Latin America Europe ex-eu Asia Investment manager Eric Bushell, John Hadwen Cambridge Global Asset Management Alan Radlo, Robert Swanson, Brandon Snow Eric Bushell, Scott Vali Black Creek Investment Management Inc. Bill Kanko Black Creek Investment Management Inc. Richard Jenkins Harbour Advisors Gerry Coleman Eric Bushell, Matthew Strauss Main benefits Pays a monthly distribution currently set at $0.02/unit. Diversified across all geographic regions, allowing the portfolio manager to seek the best dividend-paying opportunities globally. Sector diversification reduces volatility of the portfolio. Employs an active currency hedging strategy to reduce exchange rate risk. Diversification across all geographic regions to reduce risk and maximize returns. Exposure to a full range of small to large-cap companies encompassing all industries. A focus on downside protection to protect clients capital during periods of market volatility. A unique management team that is one of the largest in Canada, consisting of sector specialists with expertise on a global scale. A well-diversified portfolio across all sectors and geographic regions to reduce volatility and maximize returns. An active currency hedging strategy to reduce exchange rate risk. A concentrated portfolio of market share leading companies. A unique approach to investing that includes a proprietary view of the future of each company held in the fund. A flexible go anywhere mandate that allows the manager to pursue the best investment opportunities throughout the world. A high-conviction portfolio with an EAFE mandate. A unique compilation of 20 to 25 companies that looks very different than the index. A record of outperformance relative to the benchmark and its peers. Invests with a 10-year time horizon; no attempt is made to trade for short-term benefit. A focused portfolio that consists mainly of blue-chip, stable companies. Well diversified by region and sector. Will hold cash if investments are not available at an attractive price. Managed for value holdings are only purchased at the right price. An eclectic portfolio consisting of companies that are domiciled in emerging market regions and those that benefit from high regional growth rates and expanding consumer spending trends. Diversification across all sectors in order to maximize portfolio return. An active currency hedging strategy to reduce exchange rate risk. Performance: Class A units 1 yr 3 yr 5 yr 10 yr 1 yr 3 yr 5 yr 10 yr As at June 30, 2013 N/A - new fund, launched December 21, % 11.9% 3.2% 4.4% (Dec. 31, 07) 20.7% 8.9% N/A 9.0% (July 19, 10) 26.5% 12.1% 7.0% 2.7% (Feb. 1, 05) 29.8% 13.5% N/A 11.1% (Sept. 30, 08) 18.4% 10.8% 1.8% 3.7% 8.7% 3.8% -1.8% 8.3% Fund codes: CIG F/E DSC F/E DSC F/E DSC F/E DSC F/E DSC F/E DSC F/E DSC (All funds available in low-load, Class F) Trust Trust N/A N/A Trust Trust Trust Trust N/A N/A Trust Corporate Class (USD) 2578 (2588) 3378 (3588) Corporate Class (USD) 2323 (2518) 3323 (3518) Corporate Class (USD) 2388 (2389) 3388 (3389) Corporate Class (USD) 2574 (2584) 3574 (3584) Corporate Class (USD) 2575 (2585) 3575 (3585) Corporate Class (USD) 2300 (2500) 3300 (3500) Corporate Class (USD) 277 (377) 276 (476) T-Class (0.25% - 8%) 678T8 778T8 T-Class (0.25% - 8%) 618T8 718T8 T-Class (0.25% - 8%) 638T8 738T8 T-Class (0.25% - 8%) 674T8 774T8 T-Class (0.25% - 8%) 675T8 775T8 T-Class (0.25% - 8%) 663T8 763T8 T-Class (0.25% - 8%) 625T8 725T8 PIM (Class O/E) 18149/16149 N/A PIM (Class O/E) 18116/16116 N/A PIM (Class O/E) 18146/16146 N/A PIM (Class O/E) 18127/16127 N/A PIM (Class O/E) 18130/16130 N/A PIM (Class O/E) 18135/16135 N/A PIM (Class O/E) 18123/16123 N/A

5 For more information on CI s Global Solutions, please contact your CI Sales Representative or visit FOR DEALER USE ONLY Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. CI Investments, the CI Investments design, Cambridge and Harbour Advisors are registered trademarks of CI Investments Inc. Signature Global Asset Management is a trademark of CI Investments Inc. Cambridge Global Asset Management is a business name of CI Investments Inc. used in connection with its subsidiary, CI Global Investments Inc. Certain portfolio managers of Cambridge Global Asset Management are registered with CI Investments Inc. First published June Queen Street East, Twentieth Floor, Toronto, Ontario M5C 3G7 I Head Office / Toronto Calgary Montreal Vancouver Client Services English: French: _E (07/13)