CIBC introduced three fixed income pools on Monday.
The pools managed by CIBC Asset Management are designed to provide access to advanced bond strategies, the bank said in a release.
Composed of mutual funds and exchange-traded funds (ETFs), the actively managed pools will provide exposure to investments in government and corporate bonds across the spectrum of investment grade and high yield, geography and currency.
Commissions, trailing commissions, management fees and expenses will be associated with mutual fund investments.
The CIBC Conservative Fixed Income Pool seeks to generate regular income by emphasizing shorter-term, investment-grade Canadian bonds, the release said. The CIBC Core Fixed Income Pool and the CIBC Core Plus Fixed Income Pool seek to generate regular income and modest long-term capital appreciation. The latter is designed to have the highest yield and total return potential of the three pools.
Investors can hold the CIBC Fixed Income Pools in registered and non-registered accounts, with a $500 minimum investment.