CIBC Launches Six New Investment Grade Bond Funds to Expand Target Maturity Offering

CIBC Asset Management Inc. announced today the launch of six new CIBC Investment Grade Bond Funds to expand their target maturity bond fund offering. These new funds will build on the success of the previously launched funds in 2024 and provide investors with more options for building diversified portfolios.

The new funds include the CIBC 2028, 2029, and 2030 Investment Grade Bond Funds, as well as the CIBC 2025, 2026, and 2027 U.S. Investment Grade Bond Funds. Each fund offers a diversified portfolio of investment grade corporate and/or government bonds with an effective maturity in the same calendar year.

Investors can benefit from defined maturity dates, simplicity in building customized portfolios, cash flow management, and the expertise of CIBC Asset Management’s Fixed Income team. These funds are designed to help investors reach their shorter-term savings goals with ease.

“We are incredibly excited to expand our lineup of target maturity funds, which have already grown to over $1.3 billion in assets under management. These solutions are designed to help investors reach their shorter-term savings goals with simplicity,” said David Scandiffio, President and CEO of CIBC Asset Management.

For more information about the new funds and to access the simplified prospectus, visit https://www.renaissanceinvestments.ca/reporting-governance/prospectus.

CIBC is a leading North American financial institution with a range of services for personal banking, business, and institutional clients. CIBC Asset Management Inc. is one of Canada’s largest asset management firms, with over $227 billion in assets under administration as of March 2024.

For further information, contact Stephanie Marcus, CIBC Communications & Public Affairs, at 416-643-6358 or [email protected]