CIBC Asset Management reduces management fees on select fixed income mutual funds and ETF solution
To reinforce its commitment to providing value and competitive pricing for Canadian investors, CIBC Asset Management Inc. (CAM) announced management fee reductions on select investment products.Effective June 16, 2020, CAM reduced management fees on the following Renaissance fixed-income mutual funds and ETF solution:
| Fund | Current Management Fee (%) | New Management Fee (%) |
| Renaissance Flexible Yield Fund - Class A | 1.50 | 1.45 |
| Renaissance Flexible Yield Fund - Class H | 1.50 | 1.45 |
| Renaissance Flexible Yield Fund - Class F | 0.75 | 0.70 |
| Renaissance Flexible Yield Fund - Class FH | 0.75 | 0.70 |
| Renaissance High-Yield Bond Fund - Class A | 1.50 | 1.45 |
| Renaissance High-Yield Bond Fund - Class F | 0.75 | 0.70 |
| ETF | TSX Ticker Symbol | Current Management Fee (%) | New Management Fee (%) |
| CIBC Flexible Yield ETF (CAD-Hedged) | CFLX | 0.75 | 0.70 |
