CIBC Asset Management Returns to Cboe Canada for Launch of 9 Bond ETFs
TORONTO–(BUSINESS WIRE)–$CTBA #Cboe–Today, Cboe Canada Inc. (“Cboe Canada”) welcomes CIBC Asset Management for the launch of nine target maturity bond ETFs. The new funds offer access to Canadian or U.S. investment grade bonds and now trade on Cboe Canada under the following names and symbols:
– CIBC 2025 Investment Grade Bond Fund ETF (CTBA)
– CIBC 2026 Investment Grade Bond Fund ETF (CTBB)
– CIBC 2027 Investment Grade Bond Fund ETF (CTBC)
– CIBC 2028 Investment Grade Bond Fund ETF (CTBD)
– CIBC 2029 Investment Grade Bond Fund ETF (CTBE)
– CIBC 2030 Investment Grade Bond Fund ETF (CTBF)
– CIBC 2025 US Investment Grade Bond Fund ETF (CTUC.U)
– CIBC 2026 US Investment Grade Bond Fund ETF (CTUD.U)
– CIBC 2027 US Investment Grade Bond Fund ETF (CTUE.U)
“Building on the success of our initial launch of the CIBC Investment Grade Bond Funds in January 2024, which have grown to over $1.3 billion in assets under management, we are incredibly excited to expand our lineup of target maturity funds. These solutions are designed to help investors reach their shorter-term savings goals with simplicity,” said David Scandiffio, President and Chief Executive Officer, CIBC Asset Management.
Seeking to provide income over a predetermined period, the funds invest primarily in corporate and government bonds with maturity dates in the year stated within the fund name. As the bonds reach maturity, each fund’s portfolio will transition to cash and cash equivalents until the termination date on or around November 30th of the maturity year.
“We’ve enjoyed a strong and mutually beneficial relationship with CIBC for many years, with 19 CIBC ETFs and 55 CDRs now listed on Cboe Canada,” noted Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. “The choice to list an entire suite of funds with Cboe Canada is further validation of our commitment to providing Cboe Listed issuers with a world class listing experience and ongoing support and expertise.”
The nine new CIBC ETFs are now trading alongside ten CIBC ETFs already listed on Cboe Canada. Investors can trade units of CIBC ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
Cboe Canada is home to over 290 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all listed securities on Cboe Canada.
About Cboe Canada
Cboe Canada is Canada’s Tier 1 stock exchange providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.
Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
Connect with Cboe Canada: Website | LinkedIn | X | Instagram | Facebook
About CIBC
CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets and Direct Financial Services 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. Ongoing news releases and more information about CIBC can be found at CIBC.com/etfs.
About CIBC Asset Management
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 platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada’s largest asset management firms, with over $227 billion in assets under administration as of March 2024.
Connect with CIBC: Website | LinkedIn | X | Instagram | Facebook
Contacts
Cboe Canada Media Contact:
[email protected]
