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CIBC Asset Management Announces Portfolio Sub-advisor Changes



CIBC Asset Management Inc. (CAM) today announced portfolio sub-advisor changes to further strengthen core investment solutions. Changes will take effect on or about April 1, 2015.

Changes to Frontiers Pools are outlined below. Frontiers Pools are underlying investments of Axiom Portfolios

Frontiers Canadian Equity Pool

Foyston, Gordon & Payne, Inc. (Foyston) has been appointed as portfolio sub-advisor, joining existing sub-advisors: Connor, Clark & Lunn, Investment Management Ltd. (CC&L), CAM, Picton Mahoney Asset Management and Triasima Portfolio Management Inc.

Frontiers Global Bond Pool

Wellington Management Canada LLC (Wellington) has been appointed as portfolio sub-advisor, joining existing sub-advisor Brandywine Global Investment Management, LLC (Brandywine).

Frontiers Canadian Fixed Income Pool

AllianceBernstein Canada Inc. (AllianceBernstein) has been appointed as portfolio sub-advisor, joining existing sub-advisors Baker Gilmore & Associates Inc. and Canso Investment Counsel Ltd.

About the Newly Appointed Portfolio Sub-Advisory Firms

AllianceBernstein Canada Inc.: AllianceBernstein is a subsidiary of AllianceBernstein L.P. The firm offers a comprehensive range of research, portfolio management, and wealth management services. With offices around the world, it can leverage global capabilities to meet the needs of its clients. Headquartered in New York, it has offices in 46 locations in 22 countries.

Foyston, Gordon & Payne Inc.: With extensive expertise and experience in institutional investment and private money management, Foyston was founded in 1980. The firm believes in the discipline and success of value style investing and manages portfolios for institutional and private clients.

Wellington Management Canada LLC: Already a sub-advisor for several Renaissance funds, Wellington offers comprehensive investment management capabilities that span nearly all segments of global capital markets. Its investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 50 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. Headquartered in Boston, Massachusetts, it has a global presence with offices located across North America, Europe, Asia and Australia.