Toronto, Ontario--(Newsfile Corp. - August 12, 2024) - Members of the CI Global Asset Management (CI GAM) team joined Keith Wu, Head of Exchange Traded Products, Toronto Stock Exchange (TSX), to open the market and celebrate the launch of CI U.S. Aggregate Bond Covered Call ETF (TSX: CCBD).
Cannot view this video? Visit:
https://www.youtube.com/watch?v=50kDIjeo1UI
CCBD invests in U.S. government bond and high-quality U.S. corporate bond ETFs in a mix designed to represent the aggregate U.S. bond market. CCBD will rebalance its holdings quarterly. The covered call option strategy used by CCBD seeks to earn an attractive yield from interest income, distributions, and call option premiums, to lower the overall volatility of returns associated with owning this portfolio of bonds, and to generate capital appreciation.
CI GAM is Canada's fifth-largest ETF provider with approximately $21.3 billion in assets under management in more than 80 ETFs (as at June 30, 2024). CI GAM's ETF lineup is highly diversified and includes beta, smart beta, asset allocation, managed volatility, actively managed, liquid alternatives, digital assets, covered calls, ESG and other thematic mandates.
MEDIA CONTACT:
Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219675
