CI Global Asset Management Terminates PTF and PTFU Series Securities…

Event summary

CI Global Asset Management (CI GAM) will terminate PTF and PTFU Series securities effective October 23, 2026.
Affected securities will cease trading and be delisted from NEO Connect on the termination date.
Outstanding Terminating Securities will be redeemed for cash at their net asset value per security.
CI GAM caps management expense ratio (MER) for Series A of CI Balanced+ and CI Equity+ Asset Allocation ETF Funds at 1.48%.
Trading expense ratio (TER) for all series of each fund is capped at 0.15%.

The big picture

CI Global Asset Management's termination of PTF and PTFU Series securities reflects a strategic realignment of its product suite, potentially simplifying its offerings and reducing operational complexity. This move comes amid broader industry trends toward consolidation and cost optimization in asset management. With over 1.3 million investors served, the impact of this decision on investor behavior and market dynamics will be closely watched.

What we're watching

Investor Impact: How the termination and redemption of PTF and PTFU Series securities will affect investor portfolios and tax implications.
Market Response: Whether the delisting and redemption will trigger shifts in investor confidence or market positioning.
Operational Efficiency: The pace at which CI GAM can streamline its product offerings following the termination of these series.