TORONTO, Nov. 16,
2022 /CNW/ - CIBC (TSX: CM) (NYSE: CM) –
CIBC Asset Management Inc. (CAM) today announced that
the CIBC Emerging Markets Local Currency Bond Fund, managed by CAM,
is now available for investors to purchase. This solution is an
actively managed emerging market debt and currency fund. This fund
can complement a core bond portfolio by aiming to provide
additional yield, the potential for long-term capital appreciation,
as well as attractive diversification benefits which reflect the
low historical correlations of emerging market debt with many
traditional asset classes.
"As inflation and rising interest rates continue to impact
global markets, many investors are looking to further diversify
their portfolios to include a strategic allocation to emerging
market debt," said David Scandiffio
President and Chief Executive Officer, CIBC Asset
Management. "The CIBC Emerging Markets Local Currency Bond
Fund is a valuable addition to a well-constructed portfolio. It
seeks to provide investors with access to primarily sovereign fixed
income securities of emerging market countries, denominated in
local currency, that offer the potential for income and long-term
capital appreciation."
For more information, visit
www.cibc.com or view the fund's simplified
prospectus here.
Commissions, trailing commissions, management fees and
expenses all may be associated with mutual fund investments. Please
read the simplified prospectus before investing. Mutual funds are
not guaranteed, their values change frequently, and past
performance may not be repeated.
About CIBC
CIBC is a leading North American financial institution
with 13 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/en/about-cibc/media-centre.html.
About CIBC Asset Management
CIBC Asset Management Inc. (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 $160 billion in assets under
administration as of July
2022.
SOURCE CIBC