(CMAG) CI Munro Alternative Global - Ratings and Ratios

The CI Munro Alternative Global Growth ETF (CMAG) is an Alternative Equity Focused ETF originating from Canada. It is designed to provide investors with exposure to global growth opportunities through an actively managed strategy.

To evaluate the performance of CMAG, we can look beyond the provided data and consider key performance indicators (KPIs) such as tracking error, information ratio, and Sharpe ratio. A low tracking error relative to its benchmark (not explicitly stated but potentially related to the Morningstar CAD O/N Cash GR CAD index) would indicate effective management. The information ratio, which measures risk-adjusted returns relative to the benchmark, is also crucial. A higher Sharpe ratio indicates better risk-adjusted performance.

Considering the Assets Under Management (AUM) of 346.26M CAD, CMAG has a reasonable size, suggesting it is viable for investors looking for liquidity. However, the ETFs category, Alternative Equity Focused, implies it may employ non-traditional investment strategies, potentially increasing its risk profile. Investors should assess whether the ETFs strategy aligns with their risk tolerance and investment goals.

To further analyze CMAG, one could examine its holdings, sector allocation, and geographic distribution to understand its exposure and potential vulnerabilities. Additionally, comparing CMAGs expense ratio to that of its peers can help determine if its management fees are competitive. A thorough analysis of these factors will provide a more comprehensive understanding of CMAGs investment potential.