New passive equity and fixed-income ETFs promise some of the most low-cost solutions for Canadians to get core asset exposures
CIBC Asset Management (CAM) has expanded its ETF lineup with a little help from one of the world’s leading independent investment and index providers.
Designed to satisfy core exposures in a typical asset-allocation strategy, the new index ETFs from CIBC aim to replicate the performance of broad market equity and fixed-income indices provided by Morningstar.
They also promise to be among the lowest-cost ETFs in the Canadian market today.
“CIBC is pleased to leverage the high-calibre index construction capabilities of Morningstar to present low-cost, diversified solutions for our clients' investment needs,” said CAM President and CEO David Scandiffio.
Four CIBC ETFs that track the performance of Morningstar indices have been launched on the TSX:
|
TSX ticker |
ETF name |
Index name |
Annual management fee |
|
CCBI |
CIBC Canadian Bond Index ETF |
Morningstar Canada Core Bond Index |
0.06% |
|
CCEI |
CIBC Canadian Equity Index ETF |
Morningstar Canada Domestic Index |
0.04% |
|
CUEI |
CIBC U.S. Equity Index ETF |
Morningstar US Target Market Exposure Index |
0.05% |
|
CIEI |
CIBC International Equity Index ETF |
Morningstar® Developed Markets ex-North America Target Market Exposure Index |
0.16% |
Two additional CIBC ETFs replicating the performance of a Morningstar index are also anticipated to launch within the second quarter of 2021:
|
TSX ticker |
ETF name |
Index name |
Annual management fee |
|
CGBI |
CIBC Global Bond ex-Canada Index ETF (CAD-Hedged |
Morningstar Global ex-Canada Core Bond Hedged CAD Index |
0.19% |
|
CEMI |
CIBC Emerging Markets Equity Index ETF |
Morningstar Emerging Markets Target Market Exposure Index |
0.22% |
