Mr. Greg Gipson reports

CIBC GLOBAL ASSET MANAGEMENT EXPANDS ACTIVE FIXED INCOME LINEUP WITH TWO NEW ACTIVE BOND ETFS

CIBC Global Asset Management has launched an ETF (exchange-traded fund) class for two CIBC active fixed-income funds listed below. The ETF classes have closed their initial offering and began trading on Cboe today.

"We are excited to offer these long-standing strategies in an ETF structure, further expanding our suite of active fixed-income solutions," said Greg Gipson, head of ETFs at CIBC Global Asset Management. "These new ETFs offer investors access to CIBC's deep fixed-income expertise and robust risk management with the flexibility and convenience of an ETF."

CIBC Short-Term Income Fund and CIBC Canadian Bond Fund are designed to provide clients with single-fund core fixed-income holdings that are broadly diversified across a range of sectors, investment-grade credit and maturities. The active mandates of these funds enable the portfolio managers to seek the best opportunities across the Canadian fixed-income markets while managing risk.