CIBC Asset Management wins four at the Lipper Awards
TORONTO, April 3 /CNW/ - CIBC (CM: TSX;NYSE) - CIBC Asset Management is pleased to have received four awards at last night's 2nd annual Lipper Fund Awards. These awards, in addition to the Canadian Investment Awards CIBC Asset Management won in late 2007, are testimony to the strength of the CIBC and Renaissance Investments fund families. Renaissance Canadian Asset Allocation Fund - Tactical Balanced, 1-year Renaissance Canadian Monthly Income Fund - Canadian Income Trust Equity, 1-year Renaissance Asian Fund - Asia Pacific Equity, 1-year CIBC Balanced Index Fund - Canadian Fixed Income Balanced, 5-year "Our approach, for our full range of mutual funds and portfolio solutions, has been to hire superior quality investment managers, whether they are our own in-house team or experts from around the world and put them to work for investors," said Steve Geist, President of CIBC Asset Management Inc. "We are delighted by this recognition, as it confirms the consistent performance and strong results these funds offer investors." Lipper, a Reuters company, is a leader in providing global fund analysis, information and analytic tools. This is the second year for The Canadian Lipper Fund Awards, which identifies and rewards those funds that offer investors strong performance relative to their peers. The Lipper Fund Awards is part of a global program held in 21 countries, including the United States, Hong Kong and the UK. Award winners are among the 130,000 funds that Lipper tracks globally every year. CIBC Asset Management is responsible for the CIBC and Renaissance Investments families of mutual funds, Frontiers Pools, and the CIBC family of managed portfolio solutions - Axiom Portfolios, Managed Portfolio Services and Personal Portfolios Services. CIBC Asset Management manages more than $50 billion in assets.
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