CIBC Asset Management launches a range of new funds to meet Canadians' evolving investment needs

CIBC Asset Management launches a range of new funds to meet Canadians' 
evolving investment needs 
Includes solutions for Canadians seeking: U.S. dollar investments, potential 
for superior income generation and protection from rising rates and market 
volatility 
TORONTO, Sept. 16, 2013 /CNW/ - CIBC Asset Management Inc. (CAMI) announced 
the launch of several new funds for Canadian investors: 


    --  Renaissance Floating Rate Income Fund
    --  Renaissance U.S. Equity Income Fund
    --  Renaissance U.S. Dollar Corporate Bond Fund
    --  Renaissance U.S. Dollar Diversified Income Fund
    --  Renaissance Optimal Conservative Income Portfolio
    --  Renaissance Optimal Growth & Income Portfolio

These new funds will be sub-advised by specialized investment managers 
including: CIBC Global Asset Management Inc.; American Century Investment 
Management, Inc.; Ares Management LLC and Logan Circle Partners, L.P.

"Canadians are seeking more diversified sources of income and stability from 
their investments. They need shelter from the potential of rising interest 
rates. More Canadians also need solutions designed specifically for investing 
U.S. dollars," says Steve Geist, President of CIBC Asset Management. "These 
are among the key challenges that we have addressed with the addition of new 
solutions to the Renaissance Investments family of funds."

Rising Rate Protection and Income Enhancement

Renaissance Floating Rate Income Fund aims to provide investors with a high 
level of current income and mitigate the impact of rising interest rates, 
primarily through investment in U.S. senior floating rate bank loans, other 
floating rate debt instruments and lower-rated debt securities (including 
high-yield corporate bonds) of issuers around the world. Sub-advisor: Ares 
Management.

Renaissance U.S. Equity Income Fund seeks to provide current income and 
long-term capital growth by investing primarily in a diversified portfolio of 
U.S. equities. The Fund is based on a flagship equity income mandate from 
American Century Investments, with a proven track record of providing income 
and delivering superior results since 1994. Sub-advisor: American Century 
Investments.

U.S. Dollar Investment Solutions

Two funds have been introduced specifically for investors who have U.S. 
dollars to invest. With underlying assets and pricing in U.S. dollars, the 
funds enable Canadians to mitigate currency volatility and avoid unnecessary 
currency transactions, while earning income from the underlying portfolio.

Renaissance U.S. Dollar Corporate Bond Fund seeks to generate income by 
investing primarily in bonds, debentures, notes and other debt instruments of 
U.S. issuers. Sub-advisor: Logan Circle Partners.

Renaissance U.S. Dollar Diversified Income Fund aims to generate a high level 
of income and some potential for capital appreciation by investing primarily 
in units of mutual funds that invest in fixed income (80% of portfolio) and 
equity securities (20% of portfolio) of U.S. issuers. Sub-advisors of 
underlying funds: Logan Circle Partners; American Century Investments.

All-in-One Optimal Portfolios

Two new all-in-one, core investment solutions strategically combine diverse 
asset classes typically used by pension funds (including Canadian and U.S. 
equity income, global fixed income and global infrastructure) to generate 
income and provide stability in uncertain times.

Renaissance Optimal Conservative Income Portfolio prioritizes steady income 
with an asset mix of 80% fixed income and 20% equities. Sub-advisors of 
underlying funds: CIBC Global Asset Management; Brandywine Global Investment 
Management, LLC; RARE Infrastructure Ltd; Ares Management.

Renaissance Optimal Growth & Income Portfolio offers additional long-term 
growth potential alongside income with an asset mix of 60% equities and 40% 
fixed income. Sub-advisors of underlying funds: CIBC Global Asset Management; 
American Century Investments; Brandywine Global Investment Management; RARE 
Infrastructure; Ares Management.

Additional Pricing Options

Premium Class and Class F-Premium options are available on many of the new 
offerings and will also be added to the following funds:
    --  Renaissance Global Bond Fund
    --  Renaissance High-Yield Bond Fund
    --  Renaissance Real Return Bond Fund

For more information on these new funds, please visit 
www.renaissanceinvestments.ca.

CIBC Asset Management, the asset management division of CIBC, is responsible 
for the CIBC and Renaissance Investments families of mutual funds, Imperial 
Pools, Frontiers Pools and the CIBC family of managed portfolio solutions - 
Axiom Portfolios, CIBC Managed Portfolio Services and CIBC Personal Portfolio 
Services. CIBC Asset Management manages more than $60 billion in assets.

Commissions, trailing commissions, management fees and expenses all may be 
associated with mutual fund investments. Please read the Renaissance 
Investments family of funds simplified prospectus before investing. Mutual 
fund securities are not covered by the Canada Deposit Insurance Corporation or 
by any other government deposit insurer, nor are they guaranteed. The values 
of many mutual funds change frequently. Past performance may not be repeated.



SOURCE  Canadian Imperial Bank of Commerce 
Media contact: Caroline Van Hasselt, Director, External Communications  and 
Media Relations, at 416-784-6699 or e-mail:caroline.vanhasselt@cibc.ca 
Product inquiries: Renaissance Investments Client Services at  1-888-888-FUND 
(3863) orrenaissanceinvestments.ca 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2013/16/c7189.html 
CO: CIBC
ST: Ontario
NI: FIN FND FLOWS  
-0- Sep/16/2013 14:00 GMT
 
 
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