CIBC Brings Three ETF Strategies to Mutual Fund Investors

CIBC and CIBC Global Asset Management have launched three mutual funds that extend existing ETF strategies into the mutual fund channel. The CIBC All-Equity Growth ETF Portfolio provides 100% equity exposure across Canadian, U.S., international developed and emerging markets through underlying ETFs. CIBC GAM also launched the Avantis CIBC International Equity ETF Fund, which invests in the Avantis CIBC International Equity ETF (CADE), and the Avantis CIBC All-Equity Asset Allocation ETF Fund, which invests in CAGE. The move gives advisers and investors another way to access CIBC’s ETF-based strategies while retaining the operational features of a mutual fund.