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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,
    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.

For further information:
For further information: Media contact: Doug Maybee, Director, Media
Relations, at (416) 980-7458; Product inquiries: 1-888-888-3863