CIBC AM launches new sustainable funds

CIBC Asset Management has launched CIBC Sustainable Investment Solutions, providing actively managed ESG funds.

CIBC says the funds 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. The products use CIBC AM ESG analysis and screening from Sustainalytics. The new funds are:

CIBC Sustainable Canadian Core Plus Bond Fund

CIBC Sustainable Canadian Equity Fund

CIBC Sustainable Global Equity Fund

CIBC Sustainable Conservative Balanced Solution

CIBC Sustainable Balanced Solution

CIBC Sustainable Balanced Growth Solution

“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. “Through the associated impact donations we are pleased to support organizations focused on climate change, furthering the positive impact our clients seek.”