CIBC Asset Management Announces New Portfolio Sub-advisor

CIBC Asset Management Inc. today announced that Sydney, Australia-based Maple-Brown Abbott Limited (MBA) has been appointed as portfolio sub-advisor for the Renaissance Global Infrastructure Fund. This change will take effect on or about June 27, 2017.

We continually evaluate our product lineup to ensure that investors are in the best position to receive strong, risk-adjusted returns from portfolio managers around the world, says David Scandiffio, President and CEO, CIBC Asset Management. The enhancement announced today is expected to benefit our clients and strengthen our investment offering.

Established in 1984, MBA is an investment management company that specializes in the management of global listed infrastructure securities and multi-asset investment portfolios, Australian equities and Asia Pacific ex-Japan equities.

With a focused view of infrastructure, MBA brings to the fund a highly differentiated approach. A key component of MBA s investment philosophy is the belief that low volatility, inflation protection, and strong corporate governance and management expertise are important investment objectives for investors in the global infrastructure asset class. The firm identifies core infrastructure assets that best demonstrate these characteristics.