CIBC Asset Management Announces Risk Rating Change and Fund Terminations

Reuters
2025/08/13
CIBC Asset Management Announces Risk Rating Change and Fund Terminations

CIBC Asset Management Inc. $(CAM.UK)$, a subsidiary of the Canadian Imperial Bank of Commerce, has announced a risk rating change and the termination of several funds. CAM, a prominent asset management firm in Canada, manages over $227 billion in assets, providing a range of investment management services and solutions to both retail and institutional investors. The decision to terminate the CIBC Multi-Asset Global Balanced Private Pool, CIBC Multi-Asset Global Balanced Income Private Pool, and Renaissance Optimal Inflation Opportunities Portfolio was attributed to their relatively small asset size. The termination is scheduled for November 28, 2025, with redemption requests being accepted until the close of business on that date. Additionally, the risk rating for the Renaissance Diversified Income Fund has been upgraded from "Low to Medium" to "Medium."

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CIBC - Canadian Imperial Bank of Commerce published the original content used to generate this news brief on August 13, 2025, and is solely responsible for the information contained therein.

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