Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

CIBC and CIBC Asset Management Launch a New Suite of Sustainable ETFs on the NEO Exchange

07/19/2021 | 08:01am EDT

20 ETF issuers now listed on NEO

NEO is proud to welcome CIBC Asset Management (“CIBC AM”), the asset management subsidiary of CIBC, for their first-ever listings on the NEO Exchange with the launch of six actively managed, sustainable ETFs. CIBC has now become the 20th ETF Manager to list on NEO.

Seeking to align with the investing values of socially responsible investors, the six ETFs launched by CIBC are as follows:

  • CIBC Sustainable Canadian Core Plus Bond Fund – ETF Series (CSCP)
  • CIBC Sustainable Canadian Equity Fund – ETF Series (CSCE)
  • CIBC Sustainable Global Equity Fund – ETF Series (CSGE)
  • CIBC Sustainable Conservative Balanced Solution – ETF Series (CSCB)
  • CIBC Sustainable Balanced Solution – ETF Series (CSBA)
  • CIBC Sustainable Balanced Growth Solution – ETF Series (CSBG)

Using CIBC’s proprietary environmental, social, and governance analysis alongside data from Sustainalytics, the robust lineup of ETFs is designed to offer a smaller carbon footprint and lower energy sector exposure than broad market indexes, and employs positive screening for companies involved in the renewable energy space and green bonds.

“We are excited to partner with NEO as we launch the ETF series of our Sustainable Investment Solutions, which leverages CIBC Asset Management’s strong history of responsible investing practices and our established best-in-class ESG framework,” said David Scandiffio, President and CEO of CIBC Asset Management.

David Stephenson, Head of ETF Strategy at CIBC Asset Management shared his own sentiments about the ETF launch: “Launching innovative solutions requires partnering with innovators. We chose NEO because of their track record of innovation which they have demonstrated in their ETF closing price methodology as well as their advocacy for making better market data accessible to investors. NEO has been a strong advocate for advancing the ETF industry as a whole and they have the insights and resources to help grow our ETF lineup. All factors considered, NEO was a clear choice for this launch.”

“We are honoured that CIBC and CIBC Asset Management chose the NEO Exchange as their preferred listing partner for this suite of ETFs. It is a strong validation of the expertise and innovation NEO brings to the market,” added Jos Schmitt, President and CEO of NEO. “As one of the largest asset managers in Canada, CIBC AM offers a diverse range of actively managed investment products, and these 6 new sustainable ETFs – all based on expert research and socially responsible investing practices – align well with NEO’s core values. We look forward to providing CIBC and CIBC AM with exceptional service and support over the years to come.”

Investors can trade units of CIBC Asset Management’s six sustainable ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers. Click here for a complete view of all NEO-listed securities.

The NEO Exchange is home to over 150 ETF and corporate listings, and consistently facilitates roughly 20% of all volume traded in Canadian ETFs.

About the NEO Exchange

The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Connect with NEO: Website | LinkedIn | Twitter | Instagram | Facebook

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.

Connect with CIBC: Website | LinkedIn | Twitter

About CIBC Asset Management (CIBC AM)

CIBC AM, the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CIBC AM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CIBC AM is one of Canada's largest asset management firms, with over $162 billion in assets under administration as of May 2021.

Connect with CIBC AM: Website | LinkedIn | Twitter

© Business Wire 2021
Latest news "Companies"
04:55aSNAM S P A : CEO hopeful COP26 will provide definition for 'blue hydrogen'
04:44aPrince charles says experts say cop26 must have ndcs with “clear baselines” and net zero by 2050
04:44aTAKWEEN ADVANCED INDUSTRIES : اعلان شركة تكوين المتطورة للصناعات عن النتائج المالية الأولية للفترة المنتهية &#
04:41aPrince charles says we have already seen great progress, which saudi and middle east green initiatives will accelerate
04:41aPrince charles says we now have dangerously narrow window of opportunity to accelerate climate change action
04:21aS.AFRICA CBANK : policy will adjust if there's risk that rising inflation becomes persistent
04:14aMCH : ILMAC 2021 successfully staged
04:10aAKVA GROUP ASA : New share capital registered
03:59aRefile - saudi energy minister says kingdom to be held accountable to targets announced about emissions
03:56aSaudi energy minister says need to be attentive to energy security and sustainable economic growth
Latest news "Companies"