Home News The CIBC Alternative Credit Strategy Is Now Available for Purchase, Says CIBC Asset Management Inc.

The CIBC Alternative Credit Strategy Is Now Available for Purchase, Says CIBC Asset Management Inc.

The CIBC Alternative Credit Strategy Is Now Available for Purchase, Says CIBC Asset Management Inc.

CIBC Asset Management Inc. (CAM) today announced that the CIBC Alternative Credit Strategy (the “Fund”), managed by CAM, is now available for purchase. The Fund is an actively managed multi-strategy credit solution designed to complement a core fixed-income portfolio by providing consistent and diversifying return potential that aims to minimize volatility and interest rate risk.

“Many investors are seeking solutions to help reduce the vulnerability of a traditional fixed income portfolio as global markets continue to be impacted by rising interest rates and volatility,” said David Scandiffio, President and Chief Executive Officer, CIBC Asset Management. “As a liquid alternative mutual fund, the CIBC Alternative Credit Strategy provides credit diversification and aims to generate positive returns while mitigating overall portfolio volatility.”

CAM also announced it has reviewed the risk rating classification for the Fund from “Medium” to “Low to Medium” based on the standardized risk classification methodology mandated by the Canadian Securities Administrators. No changes have been made to the investment objectives or investment strategies.

Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Fiscal Stimulus Bolsters US Economic Growth in Q1, Fastest GDP Growth Since 2003

The second-fastest gross domestic product growth since the third quarter of 2003, reported by the Commerce Department on Thursday, left output just 0.9% shy of its level at the end of 2019.

US Economy Grew Robustly in First Quarter

GDP grew at a 6.4% annual rate in the quarter, leaving the economy within 1% of its peak.

Asia-Pacific Markets Broadly Lower As Investors Turn Cautious

Asia-Pacific markets struggled for gains Friday as investors turned cautious, despite a positive finish stateside in the previous session.

World Shares Near Record High on Strong US Economic Data and Earnings

US economic growth accelerated in the first quarter, fuelled by massive government aid.

How the US Won the Economic Recovery

I looked for a country that got the economic response to Covid-19 right. I found the US.

Barclays Boss Predicts Biggest Economic Boom Since 1948

The UK is about to experience its biggest economic boom since the aftermath of World War Two, according to Barclays boss Jes Staley. His upbeat...

Buying American Is Easier Said Than Done: Will Biden’s Plan Juice the US Economy?

Joe Biden and Donald Trump don't agree on much, but this much they do: We should buy American products. But that's easier said than done.

Silver Down As Dollar and Yields on Bonds Rose as US Economy Advanced

Benchmark U.S. 10-year Treasury yields hovered near a more than two-week high, increasing the opportunity cost of holding non-yielding bullion.

Yellen Doesn’t See Biden Plan Creating Inflation ‘Issue’

President Joe Biden’s economic plan is unlikely to create inflation pressure in the U.S. because the boost to demand will be spread over a decade, said Treasury Secretary Janet Yellen.

Inflationary Pressure, Hawkish Fed Official Remarks Keep US Stocks on Leash

Dow added 2.4%, the S&P 500 gained 5.6%, and the Nasdaq jumped 7%. Dow was down 0.54% at 33,875 while the S&P was down by 0.72%. Nasdaq was down by 0.85%.