Key stats
About CI MORNINGSTAR CDA MOMENTUM IDX ETF COMMON UNITS
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Inception date
Feb 13, 2012
Structure
Canadian Mutual Fund Trust (ON)
Distributes
Capital Gains
Tax on distributions
Ordinary income
Primary advisor
CI Investments, Inc.
Distributor
First Asset Investment Management, Inc.
The fund employs a multifactor take on the Canadian equity market by combining technical price momentum indicators with upward earnings estimate revisions. Starting with the companies that are listed, incorporated, domiciled, and have their primary business in Canada, the fund initially narrows down the selection through a liquidity screen which leaves the top third of the universe. Remaining securities are then 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) last quarterly earnings (10%). The fund holds a concentrated portfolio of 30 equally-weighted securities. The index rebalances and reconstitutes quarterly. Prior to April 22, 2021, the fund name was CI First Asset Morningstar Canada Momentum Index ETF.
Classification
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Energy Minerals
Industrial Services
Retail Trade
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.