New portfolios offer clients a simple and sophisticated way to invest
TORONTO, Jan. 21, 2019 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. announced today the launch of CIBC Smart Investment Solutions, five portfolios that offer clients a modern approach to investing while taking into account their goals, life stage and risk profile.
"CIBC Smart Investment Solutions provide our clients with modern, professionally-managed portfolios designed to navigate changing markets while aligning with their investment goals," says David Scandiffio, President and CEO, CIBC Asset Management. "In today's complex investing climate, we aim to give clients peace of mind by knowing their portfolio is always being taken care of by our team of experts."
Each CIBC Smart Investment Solutions portfolio is comprised of traditional and non-traditional investments, optimally blending both active and passive investment strategies to ensure clients benefit from the perspective of professional management and lower cost options like ETFs.
The portfolios include CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund introduced in October 2018, that aims to generate positive returns for investors regardless of market conditions, while managing volatility.
Continually monitored and rebalanced, the portfolios are designed to meet client needs whether they are income, balanced or growth-oriented investors.
"We know our clients need well-managed and diversified portfolios in order to achieve their goals, and CIBC Smart Investment Solutions offer our clients the value and expertise they're looking for," Mr. Scandiffio adds.
CIBC Smart Investment Solutions are available to clients as of today, starting with a $500 investment, or through a regular investment plan with contributions as low as $25 per month. Maximum annual management fees range from 1.50 per cent to 1.80 per cent (Series A) depending on the portfolio, in addition to a fixed administration fee of 0.10 per cent across all portfolios.
CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small 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, 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.
About CIBC Asset Management
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 Canada's largest asset management firms, with over $130 billion in assets under administration as of November 2018.