Canadian Imperial Bank of Commerce and CIBC Asset Management Inc. on Tuesday announced changes to the risk ratings of certain Income Generation Portfolios and Renaissance Private Pools, respectively.
These changes are effective on or about Dec. 12.
The new risk ratings were determined in accordance with the new standardized risk classification methodology mandated by the Canadian Securities Administrators, the companies say in their announcement.
No changes have been made to the investment objectives, investment strategies or management of the affected portfolios and pools.
The list of affected funds is available in the firms’ news release.