CIBC Asset Management announced Jan. 30 changes within its lineup of global equity products, including some portfolio sub-advisor changes.
Among these changes, CIBC AM and Mackenzie Financial Corporation will provide investment management services to the Imperial Global Equity Income Pool effective on or about April 1, 2020, joining Newton Investment Management.
CIBC AM will directly provide investment management services to Renaissance International Dividend Fund effective on or about April 1, 2020. It will also directly provide investment management services to Renaissance Global Markets Fund effective on or about March 2, 2020.
In addition, CIBC AM also announced that it will reduce management fees on the Renaissance International Dividend Fund and Renaissance Global Markets Fund effective on or about Jan. 30, 2020 as set out in the table below:
| Fund | Current Management Fee (%) | New Management Fee (%) |
| Renaissance International Dividend Fund - Class A | 1.70 | 1.45 |
| Renaissance International Dividend Fund - Class F | 0.95 | 0.70 |
| Renaissance Global Markets Fund - Class A | 1.75 | 1.70 |
| Renaissance Global Markets Fund - Class F | 0.75 | 0.70 |
