CIBC Asset Management launches Sustainable Investment Solutions
CIBC Asset Management Inc has launched CIBC Sustainable Investment Solutions, providing access to actively managed strategies that seek to align with the investing values of socially responsible investors.
A portion of CIBC's revenues from managing these environmental, social and governance (ESG) solutions will be donated to organisations supporting climate transition activities*.
"We have a strong history of responsible investing practices, including an established ESG framework for all portfolio decisions. These new solutions are a natural progression of our focus on innovative offerings that reflect the values of the clients and communities we serve," says David Scandiffio, President and CEO, CAM. "Through the associated impact donations we are pleased to support organizations focused on climate change, furthering the positive impact our clients seek."
The CIBC Sustainable Investment Solutions are designed to align investors' wealth with a values-based approach focused on responsible investing. The solutions also aim to have a lower carbon footprint and energy sector exposure than broad market indices, and employ positive sector screening for companies involved in the renewable energy space and green bonds. The products utilise CIBC Asset Management proprietary ESG analysis and portfolio construction methodology in conjunction with customised screening from Sustainalytics.
Offered as both mutual funds and all-in-one balanced solutions, these solutions are actively managed funds that integrate a socially responsible approach to investing while providing a range of income and long-term capital growth outcomes. CIBC Sustainable Investment Solutions are available to clients as of today, starting with a USD500 investment. An ETF series of all six solutions will be launched in the coming weeks.