The CIBC Alternative Credit Strategy Is Currently Offered for Sale, According to CIBC Asset Management Inc.

The CIBC Alternative Credit Strategy Is Currently Offered for Sale, According to CIBC Asset Management Inc.

CIBC Asset Management Inc. (CAM) today announced that the CIBC Alternative Credit Strategy (the “Fund”), managed by CAM, is now available for purchase. The Fund is an actively managed multi-strategy credit solution designed to complement a core fixed-income portfolio by providing consistent and diversifying return potential that aims to minimize volatility and interest rate risk.

“Many investors are seeking solutions to help reduce the vulnerability of a traditional fixed income portfolio as global markets continue to be impacted by rising interest rates and volatility,” said David Scandiffio, President and Chief Executive Officer, CIBC Asset Management. “As a liquid alternative mutual fund, the CIBC Alternative Credit Strategy provides credit diversification and aims to generate positive returns while mitigating overall portfolio volatility.”

CAM also announced it has reviewed the risk rating classification for the Fund from “Medium” to “Low to Medium” based on the standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives or investment strategies.

Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

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