CI Floating Rate Income Fund Moves to Lower Risk Rating

CI Global Asset Management has lowered the risk rating of the CI Floating Rate Income Fund, including its ETF C$ Series (TSX: CFRT), from “Low-to-Medium” to “Low.” The change follows CI GAM’s regular risk review and does not reflect any adjustments to the fund’s investment objectives, strategy or management. CI GAM also introduced a new blended reference index combining leveraged loans, short-term US high-yield debt and Canadian short-term corporate bonds to better represent the fund’s asset mix and risk profile.