CIBC and CIBC Asset Management have listed six new sustainable ETFS on the NEO Exchange.
The six ETFs launched by CIBC are as follows:
CIBC Sustainable Canadian Core Plus Bond Fund – ETF Series (CSCP)
CIBC Sustainable Canadian Equity Fund – ETF Series (CSCE)
CIBC Sustainable Global Equity Fund – ETF Series (CSGE)
CIBC Sustainable Conservative Balanced Solution – ETF Series (CSCB)
CIBC Sustainable Balanced Solution – ETF Series (CSBA)
CIBC Sustainable Balanced Growth Solution – ETF Series (CSBG)
CIBC says the ETFs use the firm’s proprietary ESG analysis alongside data from Sustainalytics and are designed to offer a smaller carbon footprint and lower energy sector exposure than broad market indexes. They employ positive screening for companies involved in the renewable energy space and green bonds.
“…Our Sustainable Investment Solutions…leverage CIBC Asset Management’s history of responsible investing practices and our established best-in-class ESG framework,” said David Scandiffio, President and CEO of CIBC Asset Management.