CI Morningstar Canadian Momentum Index Fund

CI Morningstar Canadian Momentum Index Fund is an exchange-traded fund (ETF), designed to track a specific index of Canadian stocks that exhibit strong momentum characteristics. The primary function of the fund is to offer investors exposure to a strategy that focuses on Canadian companies with significant price momentum over a pre-defined period. Managed by CI Global Asset Management, this ETF invests predominantly in Canadian equities, allowing investors to gain targeted exposure to this particular factor within the Canadian market. By concentrating on momentum, the fund taps into stocks that have demonstrated higher returns over prior months, adhering to a momentum investing strategy. This fund thus provides a distinctive tool for investors seeking to diversify their portfolios, focusing on momentum trends within the Canadian stock market. It plays a significant role by appealing to those interested in tactical overlays or factor-based investing in Canada.