CI Global Asset Management (CI GAM) has announced updated risk ratings for three of its funds and a forthcoming name change for the CI Galaxy Multi-Crypto ETF. These changes are effective immediately for the risk ratings, while the ETF name change will be implemented on July 15, 2025.
The risk rating for the CI Global Sustainable Infrastructure Fund has been adjusted from Low-to-Medium to Medium. This change applies across all series, including mutual fund series, the ETF C$ Series (TSX: CGRN), and the ETF US$ Hedged Series (TSX: CGRN.U).
Additionally, the US Equity Growth Corporate Class and the US Equity Growth Pool have seen their risk ratings revised from Medium to Medium-to-High. Both of these funds are components of the Assante Private Pools, managed by CI GAM and accessible to clients of CI Assante Wealth Management.
These risk rating adjustments are based on the risk classification methodology mandated by the Canadian Securities Administrators (CSA) for determining the risk level of mutual funds, including exchange-traded funds (ETFs). CI GAM conducts annual reviews of its funds’ risk ratings and assesses them whenever a material change occurs. The recent changes resulted from ongoing internal reviews and do not reflect alterations to the investment objectives, strategies, or management of the affected funds.
In a separate development, the CI Galaxy Multi-Crypto ETF (TSX: CMCX.B, CMCX.U) will be renamed CI Galaxy Multi-Crypto Navigator ETF. The ETF’s investment objective is to provide unitholders with managed exposure to select digital assets using a rules-based momentum-signaling strategy. The name change aims to highlight the ETF’s role in assisting investors in navigating the inherent volatility of digital assets.
Galaxy Asset Management, operating Galaxy Digital Capital Management LP, serves as the sub-advisor for the CI Galaxy Multi-Crypto ETF. The firm employs a proprietary methodology to dynamically allocate the ETF’s holdings across various digital assets and cash. This strategy seeks to deliver improved risk-adjusted returns and a more consistent experience for investors pursuing exposure to digital assets. Currently, the ETF’s exposure to digital assets includes bitcoin, Ether, and Solana, facilitated through investments in CI Galaxy Bitcoin ETF, CI Galaxy Ethereum ETF, and CI Galaxy Solana ETF, respectively.
CI Global Asset Management, a subsidiary of CI Financial Corp. (TSX: CIX), is among Canada’s largest investment management companies. As of March 31, 2025, CI Financial Corp. reported approximately $546.1 billion in assets.
