TORONTO, June 25, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced changes to the risk ratings for the CIBC Mutual Funds listed below. These changes will be reflected in the renewal of the Simplified Prospectus for the funds and are effective on or about June 25, 2018.
The new risk ratings were determined in accordance with the new standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives, investment strategies or management of the affected mutual funds. CIBC reviews the risk rating for each fund at least annually, and makes adjustments whenever the existing investment risk level is no longer appropriate.
| Name |
Previous Risk Rating |
New Risk Rating |
| CIBC Emerging Markets Fund |
High |
Medium to High |
| CIBC Global Technology Fund |
High |
Medium to High |
| CIBC Nasdaq Index Fund |
High |
Medium |
| CIBC Financial Companies Fund |
Medium |
Medium to High |
About CIBC
CIBC is a leading Canadian-based global financial institution with 11 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/en/about-cibc/media-centre.html.
SOURCE CIBC
Jason Wesley, Senior Consultant, Public Relations, 416-408-9507 or Jason. [email protected].
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