Key stats
About CI MORNINGSTAR INTL MOMENTUM IDX ET UNHEDGED COMMON UNITS
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Inception date
Nov 13, 2014
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Ordinary income
Primary advisor
CI Investments, Inc.
The fund employs a multifactor strategy by combining technical price momentum indicators with upward earnings estimate revisions. Securities of companies that are listed, incorporated, domiciled, and have their primary business in developed markets outside the US & Canada are scored and ranked based on: i) return on equity (20%), ii) 3-, 9- and 12-month price momentum (40%), iii) 90-day fiscal earnings estimate revision (30%), and iv) latest fiscal period earnings (10%). The fund also applies an additional liquidity screen and selects 250 equally-weighted securities. The index rebalances and reconstitutes quarterly. Overall, the funds multifactor take on the international equity markets may be a used as a core investment or as a complement to WXM and YXM which on the other hand focuses on Canadian and US stocks, respectively. Prior to April 22, 2021, the fund name was CI First Asset Morningstar International Momentum Index ETF.
Classification
What's in the fund
Exposure type
Finance
Producer Manufacturing
Electronic Technology
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.