Bringing you live news and features since 2006 

CI Financial affiliate Cabana Asset Management launches USD1bn suite of Target Drawdown ETFs

RELATED TOPICS​

CI Financial Corp’s (CI) US affiliate Cabana Asset Management (Cabana) has launched a USD1 billion lineup of exchange-traded funds using Cabana’s innovative and proven target drawdown investment strategy.

CI Financial Corp’s (CI) US affiliate Cabana Asset Management (Cabana) has launched a USD1 billion lineup of exchange-traded funds using Cabana’s innovative and proven target drawdown investment strategy.The Target Drawdown ETFs, which are listed on the New York Stock Exchange, are designed to maintain and grow wealth over the long term by clearly defining risk in terms of the maximum expected percentage loss or “target drawdown.” The five ETFs have target drawdown percentages ranging from 5 per cent to 16 per cent.

The new ETFs build on the proven track record of Cabana’s Target Drawdown Professional Series of separately managed accounts (SMAs), which have been available in the United States since 2012 exclusively through Cabana’s financial professionals and partner firms. The Cabana SMAs have achieved strong results and been well received by advisors and investors across the US.

“We congratulate Cabana on a successful launch and are pleased to support the company as it makes this unique strategy available to an even broader spectrum of investors through an accessible ETF structure,” says Kurt MacAlpine, CI Chief Executive Officer. “There is tremendous potential for these ETFs given the proven success of the Target Drawdown strategy and investor demand for effective risk-managed solutions for retirement and to navigate through market volatility.”

CI owns a strategic interest in Cabana’s parent company, The Cabana Group, LLC, a wealth management and financial services firm based in Fayetteville, Arkansas. Cabana has launched the Target Drawdown ETFs in partnership with private label ETF advisor Exchange Traded Concepts.

“What we’ve experienced this year underscores the necessity of proper hedging, transparency, and risk mitigation as key parts of investor portfolios,” says Chadd Mason, Chief Executive Officer of The Cabana Group.

“It also makes clear the need to ensure that any strategy being put to use has a real-world track record and is backed by an experienced team that has lived and worked through times of significant market turbulence. We’ve built our firm and the strategy behind these ETFs seeking to do the two things necessary to be a successful investor: avoid large losses and stay invested.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by