Toronto-based CI Investments Inc. announced Monday that its Sentry-branded investment funds have been switched to CI’s administrative platform.
This marks the complete integration of the former Sentry Investments into CI, about a year after its acquisition by CI Financial Corp. (CI’s parent company) in October 2017, CI said in statement.
The single back-office point of contact aims to offer benefits to investors and advisors, providing easier access to CI’s lineup of portfolio management teams, including: Signature Global Asset Management, Cambridge Global Asset Management, CI Multi-Asset Management, Marret Asset Management, Harbour Advisors, and Black Creek Investment Management and, now, Sentry Investment Management.
“Investors now have the ability to seamlessly switch among the wide range of funds, managed solutions and investment platforms offered by CI,” Roy Ratnavel, executive vice-president and head of sales, says in a statement.
Current investors in the Sentry funds will continue to have access to existing services, including the Sentry preferred pricing program, a monthly fee-reduction program.
As previously announced, as of Sept. 1, investments in Sentry funds will also have the benefit of fixed administration fees, resulting in management expense ratios that are the same or lower than previous levels.