CIBC AM Files Three Avantis ETFs for Asset Allocation and Global Equity

CIBC Asset Management has filed three new Avantis ETFs, each with a 0.28% management fee: the Avantis CIBC Balanced Asset Allocation ETF (CAKE CN), Growth Asset Allocation ETF (CAGR CN), and World Equity ETF (CAGX CN). CAKE targets a 60/40 mix of equities and fixed income for balanced growth and income, while CAGR follows an 80/20 allocation for higher growth potential. CAGX focuses on long-term capital appreciation through a globally diversified equity portfolio, with strategic allocations to U.S., international developed, emerging markets, and Canadian equities.