CIBC Asset Management launches new index ETFs
The funds began trading on the TSX on Thursday
- By: Maddie Johnson
- September 16, 2021 September 16, 2021
- 11:35
The funds began trading on the TSX on Thursday
The new fund is available in two mutual fund versions
Both funds employ global diversification and active management
The notes will bear interest of 4.0% annually for the first five years
The turnaround for value began late last year with Covid vaccine breakthroughs
The funds will close to new investors on Sept. 15
In a return of risk-on sentiment, equities funds saw one of the highest monthly inflows this year
The new ETFs began trading on the TSX on Thursday
A merger, portfolio manager changes and fee reductions, respectively, were announced
The firm added a U.S. TIPS bond index ETF and emerging markets ETF to its lineup
Portfolio advisory changes to certain equity funds have also been announced
The new series began trading on the TSX on Wednesday
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The bank also proposed changes to the investment objectives of two ETFs
The new fund will, to start, provide indirect exposure to Bitcoin and Ether
The four beta ETFs are the firm's first passively managed mandates
Two funds will also be terminated
The fund stopped accepting additional purchases on Wednesday
Regulators started allowing the notes to qualify as Tier 1 capital for life insurers earlier this year
Together, the Toronto Stock Exchange and the NEO Exchange added 85 ETFs in the first half of 2021
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The firm has also launched U.S.-dollar-hedged units of certain funds