TORONTO, Nov. 16, 2021 /CNW/ - Nov. 16, 2021 /CNW/ -
CIBC (TSX: CM) (NYSE: CM) — Today, CIBC Asset Management Inc. (CAM)
announced the addition of four new exchange-traded funds (ETFs) to
its expanding ETF suite. These ETFs leverage the experience and
expertise of CAM's quantitative investment team and include an
ESG-themed clean energy exposure ETF that tracks a proprietary
Index from CIBC Private Wealth Advisors, Inc. With a focus on North
American clean energy, competitive fees, and a unique low
volatility dividend suite - these new solutions offer features and
benefits that are distinctive in the marketplace and offer
compelling value for Canadian investors.
"Our new solutions appeal to income-seeking investors who
prefer equity-based exposure with reduced volatility. We are
also expanding our Sustainable Investment Solutions with the
addition of the CIBC Clean Energy Index ETF. This is a
significant growth area as investors increasingly look to enhance
their portfolios and align their investments with their personal
values," says David Scandiffio,
President and CEO, CIBC Asset Management.
The following ETFs have closed their initial offerings of units
and will begin trading on the NEO Exchange today.
NEO
ticker
|
ETF
name
|
Fund
focus
|
Annual management
fee*
|
CQLC
|
CIBC Qx Canadian
Low
Volatility
Dividend ETF
|
Seeks current income
and long-term capital growth by investing primarily in Canadian
equity securities that are expected to provide regular income from
dividends, while seeking to reduce volatility.
|
0.30%
|
CQLU
|
CIBC Qx U.S. Low
Volatility Dividend ETF
|
Seeks current income
and long-term capital growth by investing primarily in U.S. equity
securities that are expected to provide regular income from
dividends, while seeking to reduce volatility.
|
0.30%
|
CQLI
|
CIBC Qx International
Low
Volatility Dividend
ETF
|
Seeks current income
and long-term capital growth by investing primarily in foreign
equity securities located in Europe, the Far East, and the Pacific
Rim that are expected to provide regular income from dividends,
while seeking to reduce volatility.
|
0.40%
|
CCLN
|
CIBC Clean Energy
Index
ETF
|
Seeks to replicate,
to the extent reasonably possible (and before fees and expenses),
the performance of a clean energy index. Currently, this ETF seeks
to track the CIBC Atlas Clean Energy Select Index (or any successor
thereto). The Index is designed to identify companies engaged in
the clean energy sector. The Index Provider defines such companies
as those that provide the products and services which enable the
evolution of a more sustainable energy sector. Clean energy
business segments include, but are not limited to the following
activities: (i) renewable energy sources, including solar power,
wind power, hydroelectricity, geothermal energy, biomass, biofuels,
and tidal/wave energy, (ii) clean technologies, including electric
vehicles, energy storage, lithium, fuel cell, smart grid, and
energy efficiency technologies and (iii) other emerging clean
energy activities and technologies.
|
0.35%
|
*The management fee is equal to the fee paid by the CIBC ETF to
CAM and does not include applicable taxes or other fees and
expenses of the CIBC ETF.
These solutions draw on a proprietary quantitative methodology
as well as the knowledge, indexing capabilities and deep experience
that CAM has successfully built and demonstrated over the past
three decades. With the launch of these products, CAM offers a
range of active, strategic beta and index ETFs that are
competitively priced.
CIBC ETFs are managed by CIBC Asset Management Inc. ("CAMI"), a
subsidiary of Canadian Imperial Bank of Commerce. Commissions,
management fees and expenses all may be associated with investments
in exchange traded funds (ETFs). Please read the CIBC ETFs
prospectus or ETF Facts document before investing. To obtain a
copy, call 1-888-888-3863, ask your advisor or visit CIBC.com/etfs.
ETFs are not guaranteed, their values change frequently and past
performance may not be repeated.
CIBC Private Wealth Advisors, Inc. ("CIBC PWA") is the index
provider for the CIBC Atlas Clean Energy Select Index (the "Index")
and is an affiliate of CIBC Asset Management Inc. However,
CIBC PWA does not sponsor, endorse, sell or promote the CIBC Clean
Energy Index ETF (the "CIBC ETF") and further makes no
representation regarding the advisability of investing in the CIBC
ETF. CIBC PWA does not offer any express or implicit
guarantee or assurance with regard to the results of using the
Index on which the CIBC ETF is based or the index prices at any
time or in any other respect, and will not be liable with respect
to the use or accuracy of the Index or any data included therein.
The CIBC ETF prospectus contains more details on the limited
relationship of CIBC PWA and CIBC Asset Management Inc. related to
the CIBC ETF.
About CIBC
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/ca/media-centre.
About CIBC Asset Management
CIBC Asset Management, Inc. (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 $170 billion in assets under
administration as of October
2021.
SOURCE CIBC Asset Management Inc.