CIBC Asset Management (AM) announced July 5 the launch of CIBC Sustainable Investment Solutions, which provide access to actively managed strategies that seek to align with the investing values of socially responsible investors, says the company.
The six new solutions in the product suite aim to have a lower carbon footprint and energy sector exposure than broad market indices, and employ positive sector screening for companies involved in the renewable energy space and green bonds, says CIBC AM. They are offered as both mutual funds and all-in-one balanced solutions. An ETF series of all six solutions will be launched in the coming weeks.
"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," says David Scandiffio, President and CEO, CAM.
The six solutions are set out in the table below:
A portion of CIBC's revenues from managing these environmental, social and governance (ESG) solutions will be donated to organizations supporting climate transition activities, adds the company.