TORONTO – (BUSINESS WIRE) – November 16, 2021–
NEO is proud to welcome CIBC Asset Management Inc. (“CIBC GA”), the asset management subsidiary of CIBC, returns to the NEO Exchange with the launch of four new ETF solutions. The funds began trading today under the symbols CQLC, CQLU, CQLI and CCLN.
“We are delighted to partner again with NEO as we launch four new ETFs, Commented David Scandiffio, President and CEO of CIBC Asset Management. . “Our CIBC Qx Dividend Low Volatility ETFs appeal to income-seeking investors who prefer exposure to equities with reduced volatility. We are also expanding our sustainable investment solutions with the addition of the CIBC Clean Energy Index ETF. This is an important area of growth as investors increasingly seek to improve their portfolios and align their investments with their personal values. With a focus on clean energy in North America, competitive fees, and a unique suite of low-volatility dividends, these new solutions deliver features and benefits that stand out in the marketplace and deliver compelling value to investors. Canadian investors.
The four new CIBC AM ETFs now available on the NEO exchange include:
CIBC Low Volatility Canadian Dividend ETF Qx ( CQLC )
Seeks current income and long-term capital growth by investing primarily in Canadian equity securities which are expected to provide regular dividend income, while seeking to reduce volatility.
CIBC Low Volatility US Dividend ETF Qx ( CQLU )
Seeks current income and long-term capital growth by investing primarily in US equity securities which are expected to generate regular income in the form of dividends, while seeking to reduce volatility.
CIBC Qx International Dividend Low Volatility ETF (CQLI)
Seeks current income and long-term capital growth by investing primarily in foreign equity securities located in Europe, the Far East and the Pacific region that are expected to generate regular dividend income, while seeking to reduce the volatility.
CIBC Clean Energy Index ETF ( CCLN )
Seeks to replicate, to the extent possible and before costs and expenses, the performance of a clean energy index. Currently, this ETF seeks to replicate the CIBC Atlas Clean Energy Select Index.
” We are excited to add these new NEO-listed products to our ETF lineup as we expand our quantitative and index offerings at competitive prices for our clients. Working with NEO to launch these ETFs made sense because of their track record of innovation and strong advocacy to move the ETF industry forward. The NEO team continues to demonstrate that they have the knowledge and resources to help us develop our range of ETFs, Added David Stephenson, Chief ETF Strategy, CIBC Asset Management. .
The four new funds join six actively managed sustainable ETFs listed by CIBC Asset Management on the NEO Exchange in July of this year. Investors can trade units of the CIBC ETFs through their usual investment channels, including discount brokerage platforms and full service dealers. Click here for a full view of all NEO listed securities.
“It’s always a rewarding opportunity to see an ETF issuer come back to NEO Exchange for additional launches,” added Jos Schmitt, President and CEO of NEO. ” It is a testament to their continued confidence in our exchange, and a validation of the unparalleled service and support we are proud to provide to every NEO-listed issuer. We are honored that CIBC has chosen NEO, once again, as they complement their line of ETFs and provide investors with more choice in the market.
The NEO Exchange is home to over 175 unique listings, including ETFs from Canada’s largest ETF issuers and some of the most innovative Canadian and international growth companies. Backed by many of Canada’s most reputable financial organizations, the NEO Exchange facilitates approximately 20% of all ETF transactions and almost 15% of all volumes traded in Canadian markets.
About the NEO scholarship
The NEO Exchange is Canada’s Tier 1 exchange for the innovation economy, bringing together investors and fundraisers in a fair, liquid, efficient and service-oriented environment. Fully operational since June 2015, NEO prioritizes investors and offers trading access to all securities listed in Canada on an equal footing. NEO lists companies and investment products seeking an internationally renowned exchange that provides investors with confidence, quality liquidity and broad awareness, including unlimited access to data of the market.
Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook
CIBC is a leading financial institution in North America with 10 million personal, corporate, public sector and institutional clients. In Personal and Small Business Banking, Commercial Banking and Wealth Management and Capital Markets, CIBC offers a full range of advice, solutions and services through its banking network leading digital technology and locations across Canada, the United States and around the world. Current press releases and more information about CIBC are available at www.cibc.com/ca/media-centre.
Connect with CIBC: Website | LinkedIn | Twitter
About CIBC Asset Management Inc. (CIBC GA)
CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high quality investment management services and solutions to retail and institutional investors. CAM’s offerings include: a comprehensive mutual fund platform, strategic portfolio management solutions, discretionary investment management services for high net worth individuals and institutional portfolio management. CAM is one of the largest asset management companies in Canada, with more than $ 170 billion in assets under administration as of October 2021.
Connect with CIBC AM: Website | LinkedIn | Twitter
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211116005744/en/
CONTACT: NEO Media contact:
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL SERVICES
SOURCE: NEO exchange
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PUB: 11/16/2021 08: 00 / DISC: 11/16/2021 08:01