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Renaissance Investments Launches Inflation Opportunities and Canadian All-Cap Equity Funds

TORONTO, Sept. 26, 2011 /CNW/ - Renaissance Investments has launched the Renaissance Optimal Inflation Opportunities Portfolio and the Renaissance Canadian All-Cap Equity Fund, key new additions to its line-up that further elevate the firm's offering to investors. In addition, the Renaissance Short-Term Income and Renaissance Canadian Bond Funds are now available in Premium Class series, which offers investors even greater value through lower management fees at higher investment amounts.

"The effects of inflation on wealth are a significant concern for investors," said Steve Geist, President of CIBC Asset Management. "The Renaissance Optimal Inflation Opportunities Portfolio aims to provide a hedge against inflation while ensuring investors are not sidelined from growth opportunities.

"We're also very pleased to expand our Canadian equity solutions by offering Renaissance investors access to Suzann Pennington's proven long-term track record in Canadian all-cap equity investing."

Renaissance Optimal Inflation Opportunities Portfolio

Designed to be a comprehensive inflation strategy, this portfolio aims to mitigate inflation risk and provide growth opportunities from a broad mix of asset classes globally. To achieve this, the portfolio will invest in various asset classes, such as infrastructure, real return bonds, global real estate and natural resources, amongst others. It will also employ an active asset allocation strategy, optimizing its asset mix to take advantage of changing economic environments around the world.

The portfolio sub-advisor will be CIBC Global Asset Management Inc. with Luc de la Durantaye, CFA, First Vice President, Asset Allocation and Currency Management, as the lead portfolio manager. CIBC Global Asset Management Inc. is one of Canada's leading asset managers, managing more than $67 billion of assets for clients in Canada and globally. Mr. de la Durantaye has over 25 years of investment experience and been with the firm since 2002. He is responsible for strategic and tactical asset allocation, currency management and absolute return strategies.

Renaissance Canadian All-Cap Equity Fund

A compelling addition to our Canadian equity line-up, this fund aims to offer investors long-term capital growth by investing in companies with strong growth potential across all capitalizations. A great one-stop solution for investors.

CIBC Global Asset Management Inc. will be the portfolio sub-advisor, with Suzann Pennington, CFA, Head of Canadian Equities, as the lead portfolio manager. Suzann joined CIBC Global Asset Management in May 2011, bringing over 24 years of investment management experience and an outstanding track record of analyzing and managing multi-cap equity and balanced portfolios. As a disciplined bottom-up investor, Suzann employs a fundamental approach to stock selection that results in an equity portfolio that is different from, and typically more diversified on a sector basis than, the benchmark index.

Renaissance Investments is offered by CIBC Asset Management Inc. CIBC Asset Management, the asset management division of CIBC (CM: TSX) (CM: NYSE), is responsible for the CIBC and Renaissance Investments families of mutual funds, Frontiers Pools and the CIBC family of managed portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services and CIBC Personal Portfolio Services. CIBC Asset Management manages approximately $50 billion in assets.

For further information:

Media contact: Kevin Dove, Senior Director, External Communications and Media Relations at 416-980-8835 or e-mail: kevin.dove@cibc.ca

Product inquiries: Renaissance Investments Client Services at 1-888-888-FUND (3863)

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