Description

The fund seeks to provide long-term capital appreciation and stable dividend income by actively selecting large- and midcap financials companies from the developed and emerging markets. It specifically holds a concentrated portfolio of firms that generate their revenue in: banking, insurance, payments, brokerage, wealth management, consumer finance and leasing. In addition, companies that the fund manager determines to be classified under the scope of global financial services may also be included. With its pure exposure, the fund may be used as a core investment or as a portfolio diversifier for investors who aim for a broader global exposure on the financials industry. Prior to April 22, 2021, the fund name was CI First Asset Global Financial Sector ETF.