The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

CI completes mutual fund mergers

Monday, September 10, 2012

CI completes mutual fund mergers16:00 EDT Monday, September 10, 2012TSX Symbol: CIXTORONTO, Sept. 10, 2012 /CNW/ -  CI Investments Inc. ("CI") announced today that it has completed the merger of 18 mutual funds into other funds in the CI lineup.The mergers have helped to streamline and simplify the CI lineup, while maintaining a wide choice of investment options for Canadians. With the mergers, the Castlerock funds, which had been operated separately from the CI funds, have been fully integrated into the lineup. CI will now no longer use the Castlerock brand name.The following mergers have been completed:Terminated FundContinuing FundCI Value Trust Corporate ClassCambridge American Equity Corporate ClassLakeview Disciplined Leadership U.S. Equity FundCambridge American Equity Corporate ClassCI International Balanced FundSignature Global Income & Growth FundCI International Balanced Corporate ClassSignature Global Income & Growth Corporate ClassCI European FundSignature International Corporate ClassCI European Corporate ClassSignature International Corporate ClassSignature Mortgage FundSignature Short-Term Bond FundCastlerock Canadian Stock FundCambridge Canadian Equity Corporate ClassCastlerock Canadian Balanced FundSignature Canadian Balanced FundCastlerock Total Return FundSignature Income & Growth FundCastlerock Global High Income FundSignature Corporate Bond FundCastlerock Canadian Bond FundSignature Canadian Bond FundCastlerock Canadian Money Market FundCI Money Market FundCastlerock Canadian Value FundCI Canadian Investment Corporate ClassCastlerock Conservative PortfolioPortfolio Series Conservative FundCastlerock Balanced PortfolioPortfolio Series Conservative Balanced FundCastlerock Balanced Growth PortfolioPortfolio Series Balanced Growth FundCastlerock Growth PortfolioPortfolio Series Growth FundCI will not be proceeding with the proposed merger of CI Japanese Corporate Class into CI Pacific Corporate Class. Instead, CI will close CI Japanese Corporate Class to all investments, effective after the close of business on September 28, 2012.CI Investments Inc. is one of Canada's largest investment management companies. It offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at CI is a subsidiary of CI Financial Corp. (TSX: CIX), an independent, Canadian-owned wealth management firm with approximately $94.5 billion in assets as of August 31, 2012. SOURCE: CI Investments Inc.For further information: Murray Oxby Director, Communications CI Investments (416) 681-3254