(February 15 – 14:50 ET) – CIBC is enhancing its Personal Portfolio Services by introducing indexing and third party sub-advisors to its existing lineup of Imperial Pools managed by TAL Global Asset Management Inc.

Over the next few weeks, Howson Tattersall Investment Counsel Limited, Pictet International Management Ltd. and Alliance Capital Management L.P. will be appointed as sub-advisors to certain Imperial Pools, to complement TAL’s in-house portfolio management. CIBC says employing an indexing within the Canadian bond, U.S. equity and International equity asset classes will enhance the investment management styles within the seven portfolios offered through PPS.

“PPS multi-manager now offers our customers the best of the best,” says Ted Cadsby, president CEO of CIBC Securities Inc. “Customers not only have access to some of the world’s best managers through TAL and our addition of sub-advisors, but they will also benefit from the advantages of indexing.”

Changes to the investment strategies of Imperial Canadian Bond Pool, Imperial Canadian Equity Pool, Imperial U.S. Equity Pool, Imperial International Equity Pool and Imperial Registered International Equity Index Pool have been put in place to expand the investment styles employed by the pools. The investment objectives of these pools will remain the same.

“This multi-manager, multi-style approach strengthens our position as Canada’s leading discretionary investment management program and will appeal to clients who want to combine the best of active and passive money management,” explains Cadsby.
-IE Staff