New ETF offerings promise one-ticket access to advanced bond strategies
CIBC Asset Management has launched new active ETF series for its three fixed-income pool products.
“Building on the successful performance of our fixed income pool products, we are pleased to offer these investment solutions in an ETF series which will allow investors greater flexibility in their portfolios,” David Scandiffio, president and CEO of CIBC Asset Management, said in a statement.
The new ETFs for the CIBC Conservative Fixed Income Pool, CIBC Core Fixed Income Pool, and CIBC Core Plus Fixed Income Pool promise to provide investors with access to advanced bond strategies in a simple one-ticket solution.
The CIBC Conservative Fixed Income Pool aims to generate regular income; the CIBC Core Fixed Income Pool aims for regular income with a secondary focus on modest long-term capital appreciation; and the CIBC Core Plus Fixed Income Pool seeks to generate regular income and modest long-term capital appreciation.
In a video explainer of the fixed-income pools hosted on the CIBC website, Jean Gauthier, managing director & CIO, Global Fixed Income, CIBC Asset Management said the pools promise to deliver increased risk-adjusted returns and yields relative to the conventional benchmark.
Designed to be long-term core bond holdings, they invest primarily in units of other mutual funds that invest in fixed-income securities – including short-term instruments, Canadian and global investment grade bonds, high yield, emerging market debt and currencies – and feature built-in rebalancing and tactical asset allocation.
The new ETF series each comes with a management fee of 0.30%.