CIBC Asset Management Inc. today announced changes to its lineup of global and Canadian bond pools that will be effective on or about April 1, 2019. Renaissance Canadian Fixed Income Private Pool CIBC Asset Management is assuming core advisor responsibilities and joins Canso Investment Counsel Ltd. and Alliance Bernstein L.P. in managing the Renaissance Canadian Fixed Income Private Pool. Renaissance Global Bond Private Pool CIBC Asset Management has been added as a core portfolio advisor for the Renaissance Global Bond Private Pool, joining Brandywine Global Investment Management LLC and Wellington Management Canada ULC. Currency Management Approach Change The Renaissance Global Bond Private Pool will approach currency management from a Canadian investor s perspective. With the change, the pool will generally hedge foreign currency exposure back to the Canadian dollar. However, the pool may take non-Canadian dollar currency positions as conditions warrant based upon the currency outlook of the portfolio advisor or sub-advisor(s). This approach to currency management is intended to reduce the overall pool volatility for Canadian investors while participating in global fixed income markets. Renaissance Private Pools are available through the Renaissance Private Investment Program and are underlying investments of Axiom Portfolios.
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®Renaissance Investments, Axiom and Axiom Portfolios are registered trademarks of CIBC Asset Management Inc.
The Renaissance Investments family of funds and the Axiom Portfolios are offered by CIBC Asset Management Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.
Please read the Renaissance Investment family of funds and Axiom Portfolios simplified prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.
There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Their values change frequently and past performance may not be repeated. ®Axiom, Axiom Portfolios and Renaissance Investments are registered trademarks of CIBC Asset Management Inc.