CIBC Asset Management has announced portfolio manager changes to its existing lineup of funds.
The changes include the addition of the following sub-advisors:
- Barrantagh Investment Management,
- Connor, Clark & Lunn Investment Management,
- Guardian Capital
- PIMCO Canada
- Del Rey Global Investors
All will part of the bank’s team on or about August 6, 2013.
“We…partner with investment management firms that have proven they can deliver superior returns and manage risk…over the long run,” says Steve Geist, president of CIBC Asset Management.
Imperial International Bond Pool & Frontiers Global Bond Pool
PIMCO Canada has been appointed as an additional portfolio sub-advisor on the Imperial International Bond Pool and on the Frontiers Global Bond Pool.
They’ll work alongside Brandywine Global Investment Management. PIMCO Canada will manage the global aggregate fixed income components of the pools, while Brandywine will continue to manage their global opportunistic components.
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Frontiers Canadian Monthly Income Pool
The name of this income Pool will change to the Frontiers Equity Income Pool, effective July 15. The name is intended to better reflect its investment styles and portfolio composition.
Barrantagh, CC&L and Guardian have been appointed as additional portfolio sub-advisors for the pool.
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Barrantagh will be look at its small-cap and mid-cap equity income component, while CC&L will manage the equity income component of the pool. Guardian will be responsible for its global dividend component.
CIBC Global Asset Management will continue to serve as a portfolio sub-advisor for the dividend value component of the pool. The bank says these enhancements will also benefit the Axiom Portfolios, which are managed portfolio solutions that utilize both the Frontiers Canadian Monthly Income Pool and Frontiers Global Bond Pool.
Finally, Del Rey has been appointed as portfolio sub-advisor for the bank’s Renaissance Global Value Fund.