TORONTO, Sept. 20, 2017 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. announced today the launch of the CIBC Long-Term Private Debt Pool, a product for institutional investors focused on unrated private securities in the infrastructure and power sectors.
The pool was designed for investors seeking contracted cash flows that align with their liabilities and offers the potential for an enhanced yield without incremental credit risk.
"Institutional investors continue to search for ways to enhance their fixed income portfolios," says Doug MacDonald, Managing Director & Head, Institutional Asset Management, CIBC Asset Management. "Infrastructure investing is about seeking stable returns through contracted cash flows while minimizing management and operational risk. These cash flows can help institutions invest their assets to better match long-term liabilities."
CIBC Asset Management has a robust, well-established credit research process, which has shown resilience through market cycles. By leveraging the firm's long-term relationships with participants in the private debt space, CIBC Asset Management clients gain access to this unique market and benefit from fixed income investments with improved risk-adjusted terms and conditions.
"By focusing on unrated infrastructure and power private securities, we believe that our approach to private debt best addresses the needs of institutional clients," says MacDonald.
CIBC is a leading Canadian-based global financial institution with 11 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/en/about-cibc/media-centre.html.
About CIBC Asset Management
CIBC Asset Management, Inc. the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. Offerings include: A comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and portfolio management for institutional clients. CIBC Asset Management is one of Canada's largest asset management firms, with over $124 billion in assets under management as of July 31, 2017.