CI ALTERNATIVE NORTH AMERICAN OPPORTUNITIES FUND (CAD) CNAO.CA

CI Alternative North American Opportunities Fund is an actively managed growth-oriented alternative equity fund with a mandate to generate high absolute returns over the long term, while also maintaining capital preservation.

Its strategy focuses primarily on North American equities characterised by strong growth potential, and the fund team uses thematic research to identify rapidly growing areas of the economy, then applies company-level fundamental analysis to select a concentrated portfolio.

The fund is permitted to employ leverage, short selling, and derivatives for both hedging and investment purposes, with total leverage not to exceed three times net asset value under its regulatory framework.

The asset class is alternative equities - equities listed in North America - and the scope covers companies expected to benefit from structural growth trends. Sector exposure tends to tilt toward areas with innovation and changing secular themes, rather than broad diversification across all sectors or commodities.

Geographic exposure is mainly Canada and the United States. The fund is provided by CI Global Asset Management and operates as both a mutual fund and exchange-traded fund vehicle under Canadian regulatory jurisdictions.

It belongs to CI's suite of liquid alternative investments. The fund is managed by a team that includes Peter Hofstra and Brian Huen.