TORONTO, November 16, 2021–(BUSINESS WIRE)–NEO is proud to welcome CIBC Asset Management Inc. (“CIBC AM”), the asset management subsidiary of CIBC, back 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 excited to partner with NEO again as we launch four new ETFs,” commented David Scandiffio, President and CEO of CIBC Asset Management. “Our CIBC Qx Low Volatility Dividend ETFs appeal to income-seeking investors who prefer equity-based exposure with reduced volatility. We are also expanding our Sustainable Investment Solutions with the addition of the CIBC Clean Energy Index ETF. This is a significant growth area as investors increasingly look to enhance their portfolios and align their investments with their personal values. With a focus on North American clean energy, competitive fees and a unique low volatility dividend suite, these new solutions offer features and benefits that are distinctive in the marketplace and offer compelling value for Canadian investors.”
The four new CIBC AM ETFs now available on the NEO Exchange include:
CIBC Qx Canadian Low Volatility Dividend ETF (CQLC)
Seeks current income and long-term capital growth by investing primarily in Canadian equity securities that are expected to provide regular income from dividends, while seeking to reduce volatility.
CIBC Qx U.S. Low Volatility Dividend ETF (CQLU)
Seeks current income and long-term capital growth by investing primarily in U.S. equity securities that are expected to provide regular income from dividends, while seeking to reduce volatility.
CIBC Qx International Low Volatility Dividend 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 Rim that are expected to provide regular income from dividends, while seeking to reduce volatility.
CIBC Clean Energy Index ETF (CCLN)
Seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of a clean energy index. Currently, this ETF seeks to track the CIBC Atlas Clean Energy Select Index.
“We are pleased to be adding these new NEO-listed products to our ETF lineup as we build out our competitively priced quantitative-based and index offerings for our clients. Working with NEO to launch these ETFs made sense because of their track record of innovation and strong advocacy for advancing the ETF industry. The team at NEO continues to demonstrate that they have the insights and resources to help us grow our ETF lineup,” added David Stephenson, Head of ETF Strategy at 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 complete view of all NEO-listed securities.
“It’s always a rewarding occasion to have an ETF issuer return to the NEO Exchange for additional launches,” added Jos Schmitt, President and CEO of NEO. “It’s a testament to their continued trust in our exchange, and a validation of the unmatched service and support that we pride ourselves on offering to every NEO-listed issuer. We are honoured that CIBC has chosen NEO, once again, as they round out their ETF shelf and provide investors with greater 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 several of the most reputable financial organizations in Canada, the NEO Exchange facilitates approximately 20% of all trading in ETFs and close to 15% of all volume traded across Canadian marketplaces.
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.
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. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
About CIBC Asset Management Inc. (CIBC AM)
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 $170 billion in assets under administration as of October 2021.
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