CIBC Asset Management Expands Investment Grade Bond Funds with Launch of New ETF Series

TORONTO, July 16, 2024 /CNW/ – CIBC Asset Management Inc. (CAM) has expanded its CIBC Investment Grade Bond Funds lineup with the launch of new ETF Series. The recently introduced ETF series includes CIBC 2025 Investment Grade Bond Fund ETF Series (CTBA), CIBC 2026 Investment Grade Bond Fund ETF Series (CTBB), and various other ETFs. These ETFs have wrapped up their initial unit offerings and are set to commence trading on the Cboe Exchange today. Each of the funds within the new series presents a diverse collection of Canadian-dollar denominated investment grade corporate and/or government bonds.

David Scandiffio, President and Chief Executive Officer of CIBC Asset Management, expressed enthusiasm for the new offering stating, “Building on the success of our initial launch of the CIBC Investment Grade Bond Funds in January 2024, which have grown to over $1.3 billion in assets under management, we are incredibly excited to expand our lineup of target maturity funds. These solutions are designed to help investors reach their shorter-term savings goals with simplicity.” CIBC aims to provide a convenient and effective platform for investors to achieve their financial objectives through these newly introduced ETF series.

CIBC, a prominent North American financial institution, caters to approximately 14 million clients across various sectors. The organization offers a wide array of banking, wealth management, and institutional services through its digital banking network and locations worldwide. For more information regarding the Funds and their prospectus, individuals can visit CIBC’s official website. Through CIBC Asset Management Inc., the company extends top-tier investment management solutions to both retail and institutional clients, with over $227 billion in assets under administration as of March 2024.