CIBC Asset Management Announces Risk Rating Change and Fund Terminations
Reuters
Aug 13, 2025
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."
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