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CI Investments Inc.

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

CI Investments operates a "multi-boutique" portfolio management model. Each portfolio management team operates independently and has their own unique investment styles and mandates. However, all portfolio management teams follow CI Investments' commitment to achieving the best possible risk-adjusted returns for our funds. We believe that responsible investing and the incorporation of ESG factors into the investment decision-making process can play a role in fulfilling this commitment.


01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

CI Investment's Responsible Investment Policy applies to our in-house portfolio management teams - Signature Global Asset Management, Cambridge Global Asset Management, Harbour Advisors, Sentry Investments, CI First Asset Investment Management and CI Multi-Asset Management. The policy applies to all funds managed by CI Investments across all asset classes, sectors and markets in which we invest. Furthermore, CI Investments' external sub-advisors are also expected to consider ESG factors in their investment processes, policies and practices. While external sub-advisors are not governed by CI Investments' Responsible Investment Policy, they are subject to the same investment exclusions as our in-house portfolio management teams. While specific companies or sectors will not generally be excluded based on ESG factors alone, in recognition of the prohibitions contained within the United Nations Anti-Personnel Landmines Convention and/or the United Nations Convention on Cluster Munitions, CI Investments will not knowingly directly invest in companies associated with the production, use or distribution of anti-personnel landmines or cluster munitions, in each case as determined by an independent third party research provider.

01.6. Additional information [Optional].


SG 01 CC. Climate risk (Private)

SG 02. Publicly available RI policy or guidance documents


02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.



02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

For SG 02.1:

CI Investments' screening/exclusion policy is included within our broader Responsible Investment Policy.


For SG 02.2:

CI Investments' Responsible Investment Policy includes (in a broad sense) the following:

  • Definition of ESG/responsible investment and its relation to our investment strategy
  • Approach to ESG incorporation
  • Approach to active ownership
  • Commitment to reporting


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

CI Investments’ Conflict of Interest Policy is guided by general principles. CI Investments will endeavour to identify and address all existing material conflicts of interest that we would expect to arise between the firm, including all individuals acting on the firm’s behalf, and clients. CI Investments’ Conflict of Interest Policies and Procedures require that the interests of the Funds be placed above personal interests through the application of the highest standards of integrity and ethical business conduct. CI Investments maintains a board of governors for the Funds which oversees governance and compliance issues, including potential conflicts of interest, related to the Funds.

03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)