Ratings have been lowered for two Renaissance Investments funds
CIBC Private Wealth Advisors will assume advisor responsibilities for three funds
Small asset size deals blow to Renaissance Global Resource Fund
The company is assuming core portfolio advisor duties for three fixed-income pools
CIBC Smart Investment Solutions portfolios blend traditional investments with ETFs and alternatives
The bank is the last of the Big Six to enter the ETFs business
CIBC Multi-Asset Absolute Return Strategy features $500 initial minimum investment
No changes have been made to the investment objectives, investment strategies or management of the funds
The action reinforces the firm’s dedication to responsible investing and risk assessment
The changes to 12 funds take effect Sept. 11