Expanded CDR lineup provides more
opportunities for Canadians to invest in global companies
TORONTO, Nov. 25,
2022 /CNW/ - CIBC today announced the addition of
five new Canadian Depositary Receipts ("CDRs"), now listed on the
NEO Exchange.
With a total of 35 now available in the market, CDRs make it
easy to invest in many of the world's largest companies – in
Canadian dollars. Offered at a fraction of the price per share of
the underlying reference share, and with a built-in notional
currency hedge, CDRs provide investors with affordable access to
foreign stocks while mitigating the currency risk associated with
global investing.
"As we grow our platform, we continue to see strong momentum
from investors looking to hedge their USD exposure," said
Christian Exshaw, Managing Director
and Head, CIBC Global Markets and Direct Financial Services. "We're
thrilled with the reception from the investment advisor and DIY
investor communities, as CDRs allow access to some of the world's
biggest companies while managing currency risk."
The five new CDRs available for trading on the NEO Exchange are
listed below with their NEO Exchange ticker symbols:
- AbbVie Canadian Depositary Receipts (CAD Hedged) – ABBV
- CVS Health Canadian Depositary Receipts (CAD Hedged) – CVS
- Honeywell Canadian Depositary Receipts (CAD Hedged) - HON
- Procter & Gamble Canadian Depositary Receipts (CAD Hedged)
- PG
- UPS Canadian Depositary Receipts (CAD Hedged) - UPS
These five will add to the existing lineup of CDRs which are
available for trading on the NEO Exchange:
- Advanced Micro Devices Canadian Depositary Receipts (CAD
Hedged) - AMD
- Alphabet Canadian Depositary Receipts (CAD Hedged) - GOOG
- Amazon.com Canadian Depositary Receipts (CAD Hedged) -
AMZN
- Apple Canadian Depositary Receipts (CAD Hedged) - AAPL
- Bank of America Canadian Depositary Receipts (CAD Hedged) -
BOFA
- Berkshire Hathaway Canadian Depositary Receipts (CAD Hedged) –
BRK
- Cisco Canadian Depositary Receipts (CAD Hedged) - CSCO
- Coca-Cola Canadian Depositary Receipts (CAD Hedged) - COLA
- Costco Canadian Depositary Receipts (CAD Hedged) - COST
- Goldman Sachs Canadian Depositary Receipts (CAD Hedged) -
GS
- Home Depot Canadian Depositary Receipts (CAD Hedged) - HD
- IBM Canadian Depositary Receipts (CAD Hedged) - IBM
- JPMorgan Canadian Depositary Receipts (CAD Hedged) - JPM
- Mastercard Canadian Depositary Receipts (CAD Hedged) - MA
- McDonald's Canadian Depositary Receipts (CAD Hedged) -
MCDS
- Meta Canadian Depositary Receipts (CAD Hedged) - MVRS
- Microsoft Canadian Depositary Receipts (CAD Hedged) – MSFT
- Netflix Canadian Depositary Receipts (CAD Hedged) – NFLX
- NIKE Canadian Depositary Receipts (CAD Hedged) - NKE
- Nvidia Canadian Depositary Receipts (CAD Hedged) - NVDA
- PayPal Canadian Depositary Receipts (CAD Hedged) – PYPL
- Pfizer Canadian Depositary Receipts (CAD Hedged) - PFE
- Salesforce.com Canadian Depositary Receipts (CAD Hedged) -
CRM
- Starbucks Canadian Depositary Receipts (CAD Hedged) - SBUX
- Tesla Canadian Depositary Receipts (CAD Hedged) – TSLA
- UnitedHealth Canadian Depositary Receipts (CAD Hedged) –
UNH
- Verizon Canadian Depositary Receipts (CAD Hedged) - VZ
- Visa Canadian Depositary Receipts (CAD Hedged) - VISA
- Walt Disney Canadian Depositary Receipts (CAD Hedged) -
DIS
- Walmart Canadian Depositary Receipts (CAD Hedged) - WMT
The Prospectus Supplement for these latest Series of CDRs has
been filed on SEDAR at www.sedar.com. For more information about
CDRs, please visit https://cdr.cibc.com.
About CIBC
CIBC is a leading North American financial institution with 13
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.
SOURCE CIBC