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About CI FLOATING RATE INCOME FD ETF CAD SER UNIT
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Inception date
Apr 19, 2022
ISIN
CA17163R1073
The fund invests at least 25% in floating-rate debt securities from both developed and emerging markets. Despite this focus, the fund may invest in other debt securities from corporations and governments with maturities depending on market conditions. The portfolio advisor allocates between floating rate debt, high-yield and investment-grade corporates, preferred stocks, sovereign debt, and cash and short-term debt instruments. In selecting investments, the portfolio advisor analyzes credit risk and ratings, financial data and other sources, management, company interviews, interest rates, and yield curves, as well as value relative to current price. The fund managers have full discretion to buy, sell, or hold securities, among other decisions outside its investment strategy. The fund utilizes the same investment strategy and portfolio management team as its mutual fund counterpart with the same name.