Renaissance Investments Wins Two Awards at 2007 Canadian Investment Awards
Renaissance Global Health Care Fund wins asset class for fifth year in a row TORONTO, Dec. 3 /CNW/ - Renaissance Investments took home two top honours at the 13th Annual Canadian Investment Awards, which took place Thursday night in Toronto. "We are delighted by this recognition from Canada's top mutual fund industry analysts," said Steve Geist, President of CIBC Asset Management. "But most importantly, the awards confirm that investors in these funds, and the thousands of advisors that have supported them, have been well served by these investments." For the fifth consecutive year, the Renaissance Global Health Care Fund won in the category of Healthcare Equity Fund. The fund, which has dominated this award since the category was introduced in 2003, celebrated its 11th anniversary this year and is managed by Wellington Management Company, LLP of Boston. In the category of Canadian Income Trust Fund, the Renaissance Canadian Monthly Income Fund took top honours. Managed by CIBC Global Asset Management's Gaelen Morphet and the Canadian Equity Value and Income Trust Team, the fund uses a conservative, value approach to income generation to meet investors' needs. In addition, the Renaissance Canadian High Yield Bond Fund was a finalist in the High Yield Fixed Income Fund category. CIBC Global Asset Management's Mark Kanar and the High Yield Bond Team manage the fund using a value approach to offer a well-diversified portfolio of high-yielding securities that delivers a high level of income with the potential for capital appreciation. Renaissance Investments offers a line-up of high quality investment solutions which offer investors the very best in choice, value and investment management expertise. Renaissance Investments products include the Renaissance Investments family of funds, Axiom Portfolios, Frontiers Pools and Sequence Portfolios. Renaissance Investments is offered by CIBC Asset Management Inc., a wholly owned subsidiary of CIBC. CIBC Asset Management manages more than $50 billion dollars for over 1.5 million investors. For additional information, visit our website at www.renaissanceinvestments.ca.
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For further information: Media contact: Doug Maybee, Director, CIBC Media Relations at (416) 980-7458; Product inquiries: Renaissance Investments Client Services, 1-888-888-FUND (3863)