CIBC Asset Management announced today the launch of the Sustainable Investment Solutions ETF series, including six new exchange-traded funds.
The new ETFs track the firm’s recently launched Sustainable Investment Solutions suite of ESG-focused investment funds designed to align investors’ wealth with a values-based approach focused on responsible investing. The 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’ proprietary ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More analysis along with customized screening from ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More research, ratings and data provider Sustainalytics.
The new funds include:
CIBC Sustainable Canadian Core Plus Bond Fund (CSCP)CIBC Sustainable Canadian Equity Fund (CSCE)CIBC Sustainable Global Equity Fund (CSGE)CIBC Sustainable Conservative Balanced Solution (CSCB)CIBC Sustainable Balanced Solution (CSBA)CIBC Sustainable Balanced Growth Solution (CSBG)
The company stated that a portion of the revenues from managing the new funds will be donated to organizations supporting climate transition activities.
David Scandiffio, President and CEO of CIBC Asset Management said:
“We’re delighted to introduce this new active line-up to meet the growing demand for ETF solutions with a socially responsible approach, as well as providing our clients the option to select investments based on their personal values.”
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