CIBC Expands Avantis ETF Suite With Three Core Portfolio Funds

CIBC Global Asset Management has launched three actively managed Avantis CIBC ETFs on the Toronto Stock Exchange, expanding its partnership with Avantis Investors following the earlier launch of CAGE. The Avantis CIBC Balanced Asset Allocation ETF (CAKE) offers a diversified, single-ticket asset-allocation solution aimed at investors seeking a balanced portfolio. The Avantis CIBC Growth Asset Allocation ETF (CAGR) provides an asset-allocation approach geared toward growth-oriented investors with a higher risk tolerance. The Avantis CIBC World Equity ETF (CAGX) provides broad global equity exposure in a single fund. Developed with Avantis Investors, the new ETFs combine broad market exposure with disciplined active oversight and are designed as convenient core portfolio holdings. CIBC said the expansion responds to growing advisor demand in Canada for diversified, all-in-one investment solutions across different objectives and risk profiles.