IE Staff
(September 16 – 11:00 ET) –
CIBC is launching of three new
index mutual funds today. The new
CIBC NASDAQ Index RRSP Fund, CIBC
Japanese Index RRSP Fund, and
CIBC European Index RRSP Fund
add foreign content to an
investment portfolio, says CIBC,
without dipping into the 20 per
cent foreign content allowance, by
using derivatives to mirror the
index.
The new funds will mirror the
performance of their specific stock
index and allow investors to
participate in the underlying
market index. Interested investors
can buy into the fund with an
initial investment of $500. Minimum
subsequent investments, including
regular investment plan
contributions, are $25.