CIBC Asset Management Inc. Announces Launch of New ETF Series on Cboe Exchange

CIBC Asset Management Inc. has announced the launch of new ETF Series to complement their successful CIBC Investment Grade Bond Funds. The new ETF Series, which have closed their initial offerings of units and will begin trading on the Cboe Exchange today, include the CIBC 2025, 2026, 2027, 2028, 2029, and 2030 Investment Grade Bond Fund ETF Series.

Each ETF Series provides investors with a diversified portfolio of Canadian-dollar denominated investment grade corporate and/or government bonds with an effective maturity in the same calendar year. Additionally, there are U.S. dollar denominated options available for investors looking to diversify their portfolios.

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

David Scandiffio, President and Chief Executive Officer of CIBC Asset Management, expressed excitement about expanding their lineup of target maturity funds, following the success of their initial launch in January 2024. The CIBC Investment Grade Bond Funds have already grown to over $1.3 billion in assets under management.

For more information about the Funds, a copy of the simplified prospectus is available on the CIBC website. CIBC is a leading North American financial institution serving millions of clients, while CIBC Asset Management Inc. offers a range of investment management services to retail and institutional investors.

Overall, the launch of these new ETF Series by CIBC Asset Management Inc. provides investors with additional opportunities to diversify their portfolios and reach their investment goals.