Munro fund launched to retail investors in Canada
The CI Munro Global Growth Equity fund will be available in three new series for Canadian retail investors, a decision which was made by GSFM parent, Canada-based CI Investments.
The fund, which was a concentrated global equity mandate, invested in a portfolio of 20-40 global companies which were expected from structural changes and mispriced by the market.
The portfolio is managed by Melbourne-based Munro Partners’ chief investment officer Nick Griffin and his team of portfolio managers: Jeremy Gibson, James Tsinidis and Kieran Moore.
Damien McIntyre, chief executive of GSFM, said that one of the key objectives of partnership between GSFM and CI Financial was not only to bring Canadian investments to the Australian market, but also to provide the opportunity for Australian fund manager partners to export their investments to the Canadian market.
According to CI’s executive vice-president and head of distribution, Roy Ratnavel, the fund would offer a strong solution for long-term investors seeking exposure to global growth-oriented equity portfolio, while identifying key corporate beneficiaries from digital transformation, healthcare innovation and climate change.
AUTHOR
Oksana Patron
Recommended for you
Bennelong Funds Management has signed a memorandum of understanding with US private credit manager Monroe Capital to distribute its products in Australia.
Global equity manager Talaria Capital has appointed a Sydney-based sales director as it grows its distribution presence across Australia.
Global private markets firm Partners Group has launched an evergreen fund to provide Australian advisers with access to its cross-sector royalties strategy.
Franklin Templeton has reduced fees for two of its Brandywine fixed income funds and enacted a name change for its Global Income Optimiser fund.
