TORONTO, Jan. 13, 2022 /CNW/ - CIBC (TSX: CM)
(NYSE: CM) – CIBC Asset Management Inc. ("CAM") today announced
reductions to management fees for certain CIBC ETFs. These fee
reductions reflect CAM's ongoing commitment to ensuring competitive
pricing and overall value to investors.
The new management fees will be effective on January 13, 2022, and are outlined below.
|
CIBC ETF
|
TSX Ticker
Symbol
|
Current Management
Fee %
|
New Management Fee
(%)
|
|
CIBC Global Growth
ETF
|
CGLO
|
0.85
|
0.80
|
|
CIBC International
Equity ETF
|
CINT
|
0.85
|
0.80
|
About CIBC
CIBC is a leading North American financial
institution with 11 million personal banking, business, public
sector and institutional clients. Across Personal and
Business Banking, Commercial Banking and Wealth Management, and
Capital Markets businesses, CIBC offers a full range of advice,
solutions and services through its leading digital banking network,
and locations across Canada, in
the United States and around the
world. Ongoing news releases and more information about CIBC can be
found at www.cibc.com/ca/media-centre.
About CIBC Asset Management
CAM, the asset management
subsidiary of CIBC, provides a range of high-quality investment
management services and solutions to retail and institutional
investors. CAM's offerings include: a comprehensive platform of
mutual funds, strategic managed portfolio solutions, discretionary
investment management services for high-net-worth individuals, and
institutional portfolio management. CAM is one of Canada's largest asset management firms, with
over $70 billion in assets under
administration as of December 31
2021.
SOURCE CIBC