New corporate-class fund at CI

Toronto-based CI Investments Inc. has launched Cambridge Growth Companies Corporate Class Fund, which offers investors an opportunity to focus on high-growth, small and medium-sized companies around the world and garner long-term capital growth by investing primarily in common shares of growing companies in sectors that are not well represented in the Canadian market. The fund will be managed by Cambridge Global Asset Management, a division of CI, with Greg Dean as lead portfolio manager. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales or 2.5% for the low-load option. Redemption fees begin at 5.5% in Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are up to 1% for front-end sales or up to 0.5% for deferred and low-load sales. Management fees are 2% for A-class units and 1% for F-class units. Minimum investment is $500.

(cohara@investmentexecutive.com).