CI Alternative North American Opportunities Fund ETF Trust UnitsCI Alternative North American Opportunities Fund ETF Trust UnitsCI Alternative North American Opportunities Fund ETF Trust Units

CI Alternative North American Opportunities Fund ETF Trust Units

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Key stats


Assets under management (AUM)
‪46.63 M‬CAD
Fund flows (1Y)
‪42.40 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
0.3%
Shares outstanding
‪1.45 M‬
Expense ratio
1.32%

About CI Alternative North American Opportunities Fund ETF Trust Units


Brand
CI
Inception date
Jul 8, 2021
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Primary advisor
CI Investments, Inc.
ISIN
CA12546N1050
The fund seeks long-term high absolute returns while preserving capital through a long/short equity strategy with a long bias. The strategy looks to provide exposure to innovative and growing companies within the US and Canadian economies. A combination of top-down thematic approach and bottom-up company analysis is used to ultimately create a concentrated portfolio of 25-75 holdings. Long exposure may include small positions aligned with a given theme or a large individual exposure on a high conviction security. Short exposure may include equities of suspected underperformers or expected decliners. Options trading may also be used within the strategy to enhance returns on both positions. The funds aggregate gross exposure will not exceed 150% of its assets, while short sales are limited to 50%. The fund may use other funds to obtain the desired exposure, may hold more cash, and dynamically manage its exposure in preserving its capital.

Broaden your horizons with more funds linked to CNAO via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Multi-strategy
Niche
Multi-strategy
Strategy
Active
Geography
North America
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Technology Services
Electronic Technology
Health Technology
Stocks99.43%
Technology Services29.96%
Electronic Technology26.60%
Health Technology15.58%
Commercial Services7.00%
Retail Trade4.73%
Industrial Services3.29%
Health Services2.92%
Producer Manufacturing2.80%
Consumer Non-Durables2.31%
Consumer Services2.30%
Communications0.84%
Consumer Durables0.11%
Bonds, Cash & Other0.57%
Rights & Warrants1.14%
Miscellaneous0.44%
Cash−1.01%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
CNAO trades at 32.07 CAD today, its price has fallen −0.59% in the past 24 hours. Track more dynamics on CNAO price chart.
CNAO net asset value is 31.99 today — it's fallen 0.20% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
CNAO assets under management is ‪46.63 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
CNAO price has fallen by −0.65% over the last month, and its yearly performance shows a 18.56% increase. See more dynamics on CNAO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.20% over the last month, have fallen by −0.20% over the last month, showed a 10.94% increase in three-month performance and has increased by 17.95% in a year.
CNAO fund flows account for ‪42.40 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
CNAO invests in stocks. See more details in our Analysis section.
CNAO expense ratio is 1.32%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, CNAO isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, CNAO technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating CNAO shows the buy signal. See more of CNAO technicals for a more comprehensive analysis.
No, CNAO doesn't pay dividends to its holders.
CNAO trades at a premium (0.26%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
CNAO shares are issued by CI Financial Corp.
CNAO follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jul 8, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.