CI MSCI USA Low Risk Weighted ETF (CAD Hedged) Common (RWU.TO) is an exchange-traded fund that seeks to replicate, to the extent possible, the performance of the MSCI USA Risk Weighted Top 150 Index Hedged to CAD, net of expenses; the underlying index selects the 150 largest securities from the MSCI USA Investable Market Index based on low volatility and risk weighting, providing exposure to U.S. equities with reduced downside risk; unhedged units (RWU.B) track the unhedged version of the same index.
Issued by CI Investments Inc., a subsidiary of CI Global Asset Management Inc. and part of CI Financial Corp., the ETF operates primarily in the Canadian market with investments focused on U.S. large-cap stocks across sectors including technology, healthcare, and consumer goods; it targets investors seeking low-risk U.S. equity exposure hedged against CAD/USD currency fluctuations.
CI Investments Inc., founded in 1965 as Universal Savings Fund Management Limited and headquartered at 15 York Street, Toronto, Ontario, Canada, originally launched the ETF under its First Asset brand following the acquisition of First Asset Capital Corp. by CI Financial Corp.; in April 2019, First Asset ETFs, including RWU.TO, were rebranded as CI First Asset ETFs to reflect synergies in product development and distribution.
Recent developments include ongoing monthly cash distributions, with the December 2025 distribution set at $0.0800 per unit, alongside CI Global Asset Management's expansion of its ETF lineup through new launches and risk rating adjustments in prior years; no major acquisitions, partnerships, or strategic shifts specific to RWU.TO have been announced in the last 1-2 years, maintaining focus on index tracking and investor accessibility.