CI Europe Hedged Equity Index ETF

CI Europe Hedged Equity Index ETF is an exchange-traded fund designed to provide investors with exposure to large and mid-cap European companies, while hedging currency risk relative to the Canadian dollar. The fund primarily tracks the performance of the WisdomTree Europe CAD-Hedged Equity Index, which focuses on dividend-paying European firms that generate at least half of their revenues from exports outside the Eurozone. This approach not only emphasizes income generation via dividends but also targets companies with strong financial quality and momentum, as determined by metrics like return on equity, return on assets, and profitability trends. The ETF applies risk-based screening and caps weights at both the security and sector levels to promote diversification. Geographically, it covers developed Europe and spans various industries, offering a broad market representation. The hedged structure helps Canadian investors mitigate the impact of currency fluctuations between the Euro and Canadian dollar, making it a strategic tool for those seeking European equity exposure with reduced FX risk. Managed by CI Global Asset Management, the fund distributes dividends quarterly and is structured as a Canadian mutual fund trust.