CI Global Asset Management Expands Access to Proven International Equity Strategy

• On April 7 2026 CI Global Asset Management launched two new share classes for its CI Morningstar International Value Index ETF (VXM): a hedged mutual‑fund series and an unhedged U.S. dollar ETF ticker VXM.U.
• The existing Canadian‑dollar hedged (VXM) and unhedged (VXM.B) share classes remain available; the fund now offers three distinct vehicles for investors seeking exposure to the Morningstar Developed Markets ex‑North America Target Value Index.
• Management fees stay at 0.60% for all ETF series; mutual‑fund Series A carries a 1.55% fee, Series F/P 0.55% plus a 0.05% administration charge.
• Performance highlights (as of Feb 28 2026) show the hedged VXM delivering a 1‑year total return of 55.1%, well above its benchmark’s 27.5%; the unhedged VXM.B returned 54.2%.
• The ETF continues to hold top rankings in Morningstar’s International Equity category and retains five‑star ratings, Lipper and FundGrade A+ awards from prior years.

• The launch adds distribution channels but does not introduce a new investment strategy or alter fees for the core ETF; it is an incremental product‑line extension.
• Historical news shows strong performance (55% returns) and multiple award recognitions, setting expectations that the fund will continue to attract assets. The expansion therefore aligns with prior guidance to broaden access rather than surprise the market.
• No disclosed commitments from strategic investors or sizable seed capital; no change in risk rating or outlook beyond what was already communicated (risk rating unchanged for hedged class after Dec 2025 adjustment).
• Consequently, the news is routine‑positive: it supports modest asset‑growth prospects but does not constitute a game‑changer.

CI Global Asset Management is a Canadian‑based investment manager offering a range of mutual funds, ETFs, and segregated funds. Its flagship product discussed in the news is the CI Morningstar International Value Index ETF (TSX: VXM), which seeks to replicate the price and yield performance of the Morningstar® Developed Markets ex‑North America Target Value Index™. The ETF is available in hedged (VXM) and unhedged (VXM.B) Canadian‑dollar versions; the newly launched U.S.‑dollar unhedged series trades as VXM.U. A hedged mutual‑fund version was also introduced, investing in hedged units of the ETF. Management fees for all ETF series are 0.60%; the mutual‑fund carries higher Series A (1.55%) and lower Series F/P (0.55%) fees plus a 0.05% administration charge on F/P.