CIBC Asset Management announced today the launch of CIBC Sustainable Investment Solutions, a suite of ESG-focused investment funds designed to align investors’ wealth with a values-based approach focused on responsible investing.
The new actively managed offerings include sustainable strategies across the income and long-term capital growth spectrum, including Canadian bond and equity funds, a global equity fund, as well as balanced, conservative balanced, and balanced growth funds. According to CIBC, an ETF series for each of the solutions will be launched over the coming weeks.
The CIBC Sustainable Investment Solutions aim to have a lower carbon footprint and less energy sector exposure than broad market indices, and employ positive sector screening for companies involved in the renewable energy space and green bonds. Portfolio construction utilizes CIBC’s proprietary ESG analysis, along with customized screening from ESG research, ratings and data provider Sustainalytics.
CIBC stated that a portion of the revenues from managing the new solutions will be donated to organizations supporting climate transition activities.
David Scandiffio, President and CEO, CIBC Asset Management, said:
“We have a strong history of responsible investing practices, including an established ESG framework for all portfolio decisions. These new solutions are a natural progression of our focus on innovative offerings that reflect the values of the clients and communities we serve. Through the associated impact donations we are pleased to support organizations focused on climate change, furthering the positive impact our clients seek.”