TORONTO, Sept. 26, 2014 /CNW/ - CIBC Asset Management Inc. (CAM) advised that it has corrected a typographical error in the Management Reports of Fund Performance (MRFPs) for the CIBC Family of Managed Portfolios for the period ended June 30, 2014. The amended reports replace the original versions that were filed on SEDAR on August 29, 2014.
The MRFPs for the 10 CIBC Managed Portfolios have been amended to correct the trading expense ratio in the Ratios and Supplemental Data table in the Financial Highlights section, which was incorrectly overstated in the original versions. No other changes were made to the documents.
The CIBC Family of Managed Portfolios includes: CIBC Managed Income Portfolio, CIBC Managed Income Plus Portfolio, CIBC Managed Balanced Portfolio, CIBC Managed Monthly Income Balanced Portfolio, CIBC Managed Balanced Growth Portfolio, CIBC Managed Growth Portfolio, CIBC Managed Aggressive Growth Portfolio, CIBC U.S. Dollar Managed Income Portfolio, CIBC U.S. Dollar Managed Balanced Portfolio, and CIBC U.S. Dollar Managed Growth Portfolio.
About CIBC Asset Management
CIBC Asset Management (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 Canada's largest asset management firms, with over $100 billion in assets under management as of June 30, 2014.
SOURCE Canadian Imperial Bank of Commerce
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