Firm reveals five new portfolios for education goals
CIBC Asset Management Inc. launched five new portfolio solutions Monday designed to help Canadian families save for post-secondary education expenses.
The CIBC Education Portfolios include four target date portfolios and one graduation portfolio. The target date portfolios are set for 2030, 2035, 2040, and 2045, with each corresponding to the year when post-secondary education is expected to begin.
“Investing for education is one of the most important decisions a family can make, but it can also be one of the most financially challenging,” said Eric Bélanger, executive vice-president and head, CIBC Global Asset Management. “The CIBC Education Portfolios are designed to simplify the process for clients, providing a straightforward, goals-based solution to help families achieve their education savings needs.”
The portfolios follow a time-based investment strategy that automatically adjusts asset allocation over time. Early years focus on growth-oriented equity investments, while the approach shifts toward more conservative fixed-income investments as the target date approaches.
In the final six months of each target year, the target date portfolios will merge into the CIBC Graduation Portfolio. According to a news release, this portfolio is designed for the withdrawal phase and aims to provide stable income and capital preservation while offering easy access to funds for education expenses.
The new portfolios work alongside Registered Education Savings Plans, which offer government grants, tax-deferred growth, and flexible contribution options.
CIBC Asset Management manages more than $227 billion in assets under administration as of May 2025. The company is a subsidiary of CIBC, which serves 14 million personal banking, business, public sector, and institutional clients across North America.
The portfolios carry standard mutual fund fees including commissions, trailing commissions, management fees, and expenses. Investment values may fluctuate and past performance does not guarantee future results.
This announcement follows the CIBC Foundation and TELUS Friendly Future Foundation’s $2 million partnership to launch the TELUS Momentum Student Bursary, powered by the CIBC Foundation. Each foundation contributed $1 million to support up to 500 young Black community leaders over multiple years.
