CIBC Asset Management Announces Portfolio Sub-advisor Changes
TORONTO, Feb. 10, 2016 /CNW/ - CIBC Asset Management Inc. today announced portfolio sub-advisor changes to further strengthen core investment solutions. Changes will take effect on or about April 1, 2016.
"We constantly monitor our product line-up to ensure we continue to deliver enhanced performance and risk-adjusted returns to our clients," said David Scandiffio, President and CEO, CIBC Asset Management. "Our open architecture approach allows us to partner with the highest-quality investment management expertise from around the globe, and the enhancements announced today will benefit our clients and strengthen our investment offerings."
Renaissance Global Markets Fund
Renaissance Canadian Core Value Fund
CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units – Retail and Business Banking, Wealth Management and Wholesale Banking – CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC on our corporate website at www.cibc.com/ca/media-centre/.
About CIBC Asset Management
CIBC Asset Management, Inc., the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. Offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and portfolio management for institutional clients. CIBC Asset Management is one of Canada's largest asset management firms, with over $111 billion in assets under management as of December 31, 2015.
SOURCE Canadian Imperial Bank of Commerce