CIBC Asset Management launches two global equity ETFs
CIBC Asset Management has launched the CIBC Global Growth ETF and CIBC International Equity ETF, two new actively-managed funds that provide investors with global diversification to equity securities.
"Diversification across global markets is essential for investors' portfolios and we are pleased to offer active ETF solutions to meet these needs," says David Scandiffio, President and CEO, CIBC Asset Management.
CIBC Global Growth ETF seeks to generate long-term capital growth by investing in a diversified portfolio consisting primarily of equity securities of companies located anywhere in the world with high valuations and growth prospects. Exposure to these types of securities will be obtained by investing primarily in units of Renaissance Global Growth Fund, which is sub-advised by Walter Scott & Partners Limited.
CIBC International Equity ETF seeks to generate long-term growth through capital appreciation by investing primarily in a diversified portfolio of equity securities of foreign companies in Europe, the Far East and the Pacific Rim. This ETF intends to provide investors access to international opportunities that are not readily available in Canada or the United States. Exposure to these types of securities will be obtained by investing primarily in units of Renaissance International Equity Fund, which is sub-advised by Walter Scott & Partners Limited.