"CIBC is pleased to leverage the high-calibre index construction capabilities of Morningstar to present low-cost, diversified solutions for our clients' investment needs," said
These new solutions will be among the lowest-cost ETFs currently available in the Canadian market. These ETFs draw upon the knowledge, indexing capabilities, and deep experience that CAM has successfully built and demonstrated over the past three decades. With the launch of these products, CAM will offer a diverse range of ETFs encompassing active, quantitative and competitively priced index ETFs.
The following ETFs have closed their initial offerings of units and will begin trading on the
TSX ticker | ETF name | Index name | Annual |
CSBI
| CIBC Canadian Short-Term | Morningstar® | 0.07 % |
CUEH | CIBC | Morningstar® US Target Market | 0.05 % |
CAM also intends to launch toward the end of
TSX ticker | ETF name | Index name | Annual |
CIEH
| CIBC International Equity | Morningstar® Developed Markets ex- | 0.16 % |
*The annual management fee is equal to the fee paid by the CIBC ETF to CAM and does not include applicable taxes or other fees and expenses of the CIBC ETF. |
CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of
This document is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. Individual circumstances and current events are critical to sound investment planning; anyone wishing to act on this document should consult with his or her advisor. All opinions and estimates expressed in this document are as of the date of publication unless otherwise indicated, and are subject to change.
Morningstar® Canada 1-5 Y Core Bond Index™, Morningstar® US Target Market Exposure Hedged CAD Index™and Morningstar® Developed Markets ex-North America Target Market Exposure Hedge CAD Index™ are trademarks or service marks of Morningstar, Inc. and have been licensed for use for certain purposes by CIBC Asset Management Inc. CIBC Canadian Short-Term Bond Index ETF, CIBC
CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network and locations across Canada, with offices in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of
SOURCE CIBC
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