CAM is implementing management fee reductions across several classes of its mutual fund line-up to be effective on September 1, 2017. The changes will continue to add value for investors, following management fee reductions made in September 2016.
CAM will reduce initial minimum investment amounts to make certain solutions more accessible for Canadian investors. While also capping and terminating several mutual fund classes in order to simplify and streamline its product offer.
On July 21, 2017 CIBC Asset Management Inc. (CAM) announced changes to its mutual funds line-up to offer Canadians increased value and greater accessibility to its products. The changes include management fee reductions, lower investment minimums and a simplified product offering across several classes of its mutual funds and private pools.
Renaissance Investments is offered by CIBC Asset Management Inc. CIBC Securities Inc. is a wholly-owned subsidiary of Canadian Imperial Bank of Commerce (CIBC) and is the principal distributor of the CIBC Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. ™Renaissance Private Investment Program is a trademark of CIBC Asset Management Inc. ®Renaissance Investments, Axiom and Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
Change in Management Fee
Sept. 1, 2017)
Change in Management Fee
Sept. 1, 2017)
Change in Management Fee
Sept. 1, 2017)
Effective end of business day July 21, 2017, the terminating classes will be closed to all purchases from existing and new unit holders (including through regular investment plans). The classes will be subsequently terminated on or about October 13, 2017.
The capping classes will be closed to all purchases from existing and new unit holders (including through regular investment plans) effective September 1, 2017
The Renaissance Private Investment Program (RPIP), a customizable solution for affluent investors, will have a lowered minimum requirement of $100,000 (from $150,000). As well, Financial Groups with $250,000 total assets (previously $500,000) in one or more Renaissance Private Pools, will be exempted from the minimum requirement of $100,000 per Pool.*
all pools
Sept 1, 2017
Sept 1, 2017
Sept 1, 2017
Sept 1, 2017
all pools
all pools
Effective end of business day July 21, 2017, the terminating classes will be closed to all purchases from existing and new unitholders (including through regular investment plans). The classes will be subsequently terminated on or about October 13, 2017.
The capping classes will be closed to all purchases from existing and new unitholders (including through regular investment plans) effective September 1, 2017
*Effective September 1, 2017 the minimum investment amount for all Axiom Portfolios is $500
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