CashNews.co
The new mutual fund and ETF expand CI GAM’s ‘Quality Dividend Growth Index’ suite, which already includes US, Canadian, and international mandates available in both mutual fund and ETF structures.
“With today’s launches, we are meeting demand for a global portfolio based on the proven quality dividend growth index approach,” said Jennifer Sinopoli, executive vice-president, and head of Distribution for CI GAM.
“The result is a mandate that’s well suited to serve as a core portfolio holding for global equities due to its low cost, broad diversification, and focus on large, high-quality dividend-paying companies across developed markets.”
The CI Global Quality Dividend Growth Index ETF seeks to track, as closely as possible, the price and yield performance of a fundamentally weighted index that provides exposure to dividend-paying companies with growth and quality characteristics from developed markets.
CGQD.B aims to replicate the performance of the WisdomTree Global Quality Dividend Growth CAD Index.