CI Global Asset Management (CI GAM) has enhanced a series of its digital asset investment funds.
The initiatives include the launch of CI Galaxy Core Multi-Crypto ETF (CCCX) and CI Solana Fund, the addition of Canadian dollar-hedged series across all existing ETFs, and the introduction of a staking strategy for ETHX.
“With these changes, CI GAM is making it even easier to access the benefits of digital assets,” said Jennifer Sinopoli, executive vice president and head of distribution for CI GAM.
“Our lineup allows investors to target prominent digital currencies through the convenience of a mutual fund or ETF structure with multiple purchase options.
“Additionally, we now provide two multi-crypto ETFs that invest in a basket of ‘blue chip’ cryptocurrencies, providing one-ticket, diversified exposure to the digital assets space,” she added.
CCCX aims to give investors exposure to digital assets selected by CI GAM, with weightings determined through a modified market-cap model.
The fund is designed to deliver passive, fully invested exposure to digital assets through the convenience of a single ETF.
The objective of the CI Solana Fund is to provide clients with exposure to SOL through an institutional-quality platform, while expanding the range of digital asset investment options available to mutual fund investors.
“CI GAM’s funds greatly simplify the process of incorporating digital assets into investors’ investment plans and portfolios,” said Sinopoli.
“Our solutions are also differentiated by the security of our institutional-grade platform and the expertise of sub-advisor Galaxy, one of the world’s largest managers of digital assets and blockchain exposures.”
In addition, the US dollar exposure in the funds’ holdings is hedged back to the Canadian dollar to help reduce currency risk for investors in the hedged series.
“By expanding the product suite, we’re providing convenient, diversified tools to help investors access institutional-standard products designed for long-term growth,” said Sinopoli.
