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:
* Source: CIBC Asset Management. AUM = Assets under management in CAD. As at May 31st, 2021. Note: Subject to change due to many factors including, but not limited to, market movement.
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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.