Table of Contents
What is CI IPOs (CIP) ?
CI IPOs (CIP) is a mutual fund that invests in initial public offerings (IPOs). It focuses on companies that are newly offered to the public.
What is an IPO?
An IPO, or initial public offering, is when a company offers its shares to the public for the first time on the stock exchange.
CI IPOs (CIP) focuses on opportunities linked to new public offerings and recently listed stocks.
Main investment guidelines
- Equity (stocks): Minimum of 40% and Maximum of 95% of the fund.
- Per stock exposure: Maximum 15% of the fund can be invested in a single stock.
- T-bills and bonds: Maximum of 60% of the fund.
- Cash: Maximum 10% of the fund.
You can find the detailed investment guidelines and limits in the fund prospectus here
How do I place my order?
- Open the Thndr app and tap on Explore.
- Search for CI IPOs (CIP).
- Tap on the fund.
- Tap on Buy and enter the amount you want to invest. (minimum 2 certificates)
Buying & selling
If you place your order before 12 PM:
Your order is sent the same day and executed the next day at the updated certificate price.
If you place your order after 12 PM:
Your order is sent the next business day and executed the day after that.
Fees
Standard Transaction fees apply on every buy and sell order.
Fund management fees are calculated in the certificate price & not charged when buying or selling certificates. You can view the full list of fund management fees in the fund’s prospectus.
Who manages CI IPOs (CIP)?
CI IPOs (CIP) is established and managed by CI Asset Management.
What are the risks?
CI IPOs (CIP) is an equity-focused fund, so its value can go up or down depending on market conditions.
Some of the main risks include:
- IPO risk – Newly listed stocks may be more volatile after listing, especially if liquidity is weak or market sentiment changes.
- Pricing risk – An IPO may be offered at a price that is below or above its fair value, which can directly affect returns after listing.
- Liquidity risk – Some newly listed stocks may be harder to sell in the first days or weeks after listing.
The stock market is also subject to economic and political risks.
For a detailed overview of risk factors please visit the fund prospectus here.
