The fixed income funds are Renaissance Corporate Bond Capital Yield Fund, Renaissance Canadian Bond Fund and Renaissance Short-Term Income Fund.
The company has stated that the addition of the new class will enhance the choice available to HNW clients with fee-based accounts, offering investors even greater value through lower management fees at higher investment amounts.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Steve Geist, President of CIBC Asset Management remarked, "We are pleased to continue to provide investors and advisors with greater flexibility, competitive pricing options and access to quality solutions for today’s investment environment. The new Class F-Premium units will provide additional choice to higher-net-worth clients with fee-based accounts."
The new class will be available to clients participating in fee-based or wrap account programs, subject to an initial minimum investment of US$100,000.
Also, class F-premium units carry the same characteristics as the class A units of the funds; though the higher investment minimums allow for lower management fees in order to provide investors with greater net returns.
Currently, CIBC Asset Management manages approximately US$55 billion in assets.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
