TORONTO, July 19, 2021 /CNW/ - CIBC (TSX: CM) (NYSE: CM) — Today CIBC Asset Management Inc. (CAM) launched a new ETF Series of CIBC Sustainable Investment Solutions, providing access to actively managed strategies that seek to align with the investing values of socially responsible investors. A portion of CIBC's revenues from managing these environmental, social and governance (ESG) solutions are donated to organizations supporting climate transition activities*.
"We're delighted to introduce this new active line-up to meet the growing demand for ETF solutions with a socially responsible approach , as well as providing our clients the option to select investments based on their personal values", said David Scandiffio, President and CEO of CIBC Asset Management.
The CIBC Sustainable Investment Solutions are actively managed funds that integrate a socially responsible approach to investing while providing a range of income and long-term capital growth outcomes.
The CIBC Sustainable Investment Solutions are designed to align investors' wealth with a values-based approach focused on responsible investing. The solutions also aim to have a lower carbon footprint and energy sector exposure than broad market indices, and employ positive sector screening for companies involved in the renewable energy space and green bonds. The products utilize CIBC Asset Management proprietary ESG analysis and portfolio construction methodology in conjunction with customized screening from Sustainalytics.
The following ETFs have closed their initial offering of units and begin trading on the NEO Exchange today:
CIBC Sustainable Investment Solutions – maximum annual management fees (%)
CIBC Sustainable Canadian Core Plus Bond Fund
CIBC Sustainable Canadian Equity Fund
CIBC Sustainable Global Equity Fund
CIBC Sustainable Conservative Balanced Solution
CIBC Sustainable Balanced Solution
CIBC Sustainable Balanced Growth Solution
*5% of the management fees earned by the Canadian Imperial Bank of Commerce ("CIBC"), after payment of trailing commissions, as applicable, on Series A, F and ETF series of the CIBC Sustainable Investment Solutions (the "Funds") will be donated annually to organizations supporting Climate Transition activities. Where monies are donated to a registered charity, CIBC may be entitled to a donation receipt issued by the charity. Any amounts donated are not, in any way, an additional expense to the Funds.
For more, visit CIBC.com/sustainable
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/en/about-cibc/media-centre.html.
About CIBC Asset Management (CAM)
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 $162 billion in assets under administration as of May 2021.