CI makes Munro global fund available to retail investors

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MEDIA RELEASE: GSFM parent, Canadian based CI Investments, has made the CI Munro Global Growth Equity Fund – a concentrated global equity mandate aimed at identifying and benefiting from sustainable global growth trends – available in three new series for Canadian retail investors. 

The CI Munro Global Growth Equity Fund invests in a portfolio of 20-40 global companies expected to benefit from important structural changes occurring in the world today that are underappreciated and mispriced by the market. The Series I version of the fund has been available only to Canadian institutional investors since January 2019. It has strongly outperformed its benchmark since inception with an average annual return of 30.6% versus the MSCI ACWI Index return of 12.6%, as at July 31, 2020. The newly launched series of the fund now makes the investment available to Canadian retail investors.

GSFM CEO, Damien McIntyre, said the retail fund launch into the local Canadian market was a vindication of the Munro Partners approach. 

“Our partnership with CI Financial aims to bring the best of Canadian investments to the Australian market, as well as providing the opportunity for our local Australian fund manager partners to export their investment talent to the Canadian market. 

“Nick Griffin and the team at Munro Partners have had a very successful launch of the CI Global Growth Equity Fund, with keen interest shown by institutional investors in Canada over the past 18 months. Canadian retail investors will now also be able to benefit from the expertise and performance of the Munro fund.”

CI Investments Inc. (“CI”) announced today that CI Munro Global Growth Equity Fund, a concentrated global equity mandate aimed at identifying and benefiting from sustainable global growth trends, has been launched in three new series for retail investors. The portfolio is managed by Munro Partners (“Munro”), an experienced and accomplished global investment team based in Melbourne, Australia.

In addition, CI announced that is has reduced the minimum investment level for its family of CI Private PoolsTM to $25,000 per pool, making this versatile and compelling investment opportunity available to a wider range of Canadian investors.

CI Munro Global Growth Equity Fund

CI Munro Global Growth Equity Fund invests in a portfolio of 20-40 global companies expected to benefit from important structural changes occurring in the world today that are underappreciated and mispriced by the market. The Series I version of the fund, available only to institutional investors since January 2019, has strongly outperformed its benchmark since inception with an average annual return of 30.6% versus the MSCI ACWI Index return of 12.6%, as at July 31, 2020.* The newly launched series of the fund for retail investors are Series A, Series F, and Series P.

“Munro has an impressive track record of recognizing and capitalizing on key areas of growth in the global economy for the benefit of investors,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI. “This fund is a strong solution for longer-term investors seeking exposure to a global, growth-oriented equity portfolio.”

Munro is an independent investment manager with a core focus on global growth equities. With more than $2 billion in assets under management, the firm gives investors access to institutional-quality management. Lead Portfolio Manager of CI Munro Global Growth Equity Fund is Munro’s Chief Investment Officer Nick Griffin, who has over 14 years in managing global equity mandates. He is supported by portfolio managers Jeremy Gibson, James Tsinidis and Kieran Moore.

While lower interest rates have supported the performance of growth stocks in recent years, that doesn’t tell the whole story, Mr. Griffin points out. In many cases, technology and innovation are allowing companies to take advantage of disruptive trends and become clear structural winners.

“Like every generation before us, we are experiencing large structural changes in the way we live ‒ whether it be in digital transformation, health care innovation or climate change,” Mr. Griffin said. “At Munro, we seek to identify these changes and the key corporate beneficiaries in a concentrated portfolio to achieve superior investment returns for our clients.”

Munro is also portfolio sub-advisor to CI Munro Alternative Global Growth Fund, a long/short global growth mandate that is part of the CI Liquid Alternatives lineup of funds. The fund has achieved impressive performance in the recent challenging market conditions, returning 31.8% for the 12 months ending July 31, 2020. Liquid alternative funds have access to non-traditional investment strategies with the potential for enhancing diversification, returns and risk management.