CI Investments Announces NEW T-Class Funds

Posted on October 17, 2007 at 11:43 am
Filed Under Financial Planning, Investment Planning, Mutual Funds

On Monday October 15th, CI Investments announced the launch of their new T-Class Mutual Funds.

CI has recently thrown themselves into the ring of mutual fund providers who have created a solution primarily focusing on the Senior and Baby Boomer market, or those looking for tax efficient income producing vehicles. This type of fund structure is currently available through most mutual fund firms such as Franklin Templeton, AIM Trimark and Mackenzie, and has been often been referred to as Return of Capital (ROC) funds, T-SWP funds or T- Series Funds.

CI’s Chief Executive Office, Peter W. Anderson stated on Monday that “After-tax income is the critical issue for investors since many traditional interest-paying investments offer both low yields and high tax rates. As one of the most tax-efficient investments available, T-Class is an important option for retirees and other Canadians planning for their retirement.”

Your Take-Away: This type of non-registered investment vehicle is almost a no brainer for anyone who is looking to:

Create steady, predictable, tax efficient income
Minimize their annual tax bill on the income they earn
Protect their Old Age Security (OAS) from being “clawed back”
Have liquid access to your investment in the case of emergency

There are all kinds of investment products available to Canadians, and it can sometimes be a bit overwhelming when trying to decide what product or strategy makes the most sense for your specific situation. In my opinion, this truly is a concept and product that can make a lot of sense to a lot of investors.

Enjoy your day!

Chris

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