CIBC Asset Management Inc. launched Class F-Premium units on three funds within its Renaissance Investments fixed-income line up: Renaissance Corporate Bond Capital Yield Fund, Renaissance Canadian Bond Fund and Renaissance Short-Term Income Fund.

Subject to an initial minimum investment of $100,000, this new class is available to high-net-worth clients participating in fee-based or wrap account programs.

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Class F-Premium units carry the same characteristics as the Class A units of the Funds; however, the higher investment minimums allow for lower management fees in order to provide investors with greater net returns, says CIBC Asset Management.

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