Toronto-based CIBC Asset Management Inc. has launched five investment portfolios that combine “traditional and non-traditional investments,” the investment manager said Monday.
CIBC Smart Investment Solutions portfolios blend active and passive investment strategies so that clients get professional management and lower-cost options like ETFs, CIBC says in a news release.
“CIBC Smart Investment Solutions provide our clients with modern, professionally-managed portfolios designed to navigate changing markets while aligning with their investment goals,” says David Scandiffio, president and CEO, CIBC Asset Management. “In today’s complex investing climate, we aim to give clients peace of mind by knowing their portfolio is always being taken care of by our team of experts.”
The portfolios include CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund launched in October.
The minimum investment is $500. Management fees range from 1.50% to 1.80%, in addition to a fixed administration fee of 0.10%.
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