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Finance


CIBC Asset Management launches the CIBC Multi-Asset Absolute Return Strategy

TORONTO, Oct. 22, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) -- CIBC Asset Management Inc. today announced the launch of the CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund that aims to generate positive returns for investors, regardless of market conditions, while managing volatility.

"Investors are always looking for exposure to the potential upside of investing without taking on excessive risk," said David Scandiffio, President & CEO of CIBC Asset Management Inc. "With its broad diversification, lower volatility and the potential for positive returns, the CIBC Multi-Asset Absolute Return Strategy can play an important role in the portfolio of many investors."

The CIBC Multi-Asset Absolute Return Strategy seeks to provide investors with:

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Investors can hold the fund in registered and non-registered accounts, with a $500 initial minimum investment

About CIBC

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 Inc.

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, strategically managed portfolio solutions, discretionary investment management services for high-net-worth individuals and portfolio management for institutional clients. CIBC Asset Management Inc. is one of Canada's largest asset management firms, with over $134 billion in assets under management as of August 2018.