The fund aims to provide exposure to domestic stocks with strong earnings trends and price momentum.
CI Global Asset Management (CI GAM), a Toronto-based asset management firm, has expanded its Canadian equity fund suite with the launch of the CI Morningstar Canada Momentum Index Fund, a strategy aiming to benefit from positive trends in the Canadian stock market. The investment objective is to replicate the performance of the Morningstar Canada Target Momentum Index The fund invests primarily in common units of the Toronto Stock Exchange-listed CI Morningstar Canada Momentum Index ETF (WXM