CIBC Asset Management announced Oct. 22 the launch of the CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund that aims “to generate positive returns for investors, regardless of market conditions, while managing volatility,” says the company.
"Investors are always looking for exposure to the potential upside of investing without taking on excessive risk," said David Scandiffio, President & CEO of CIBC Asset Management Inc. "With its broad diversification, lower volatility and the potential for positive returns, the CIBC Multi-Asset Absolute Return Strategy can play an important role in the portfolio of many investors."
CIBC says the fund aims to achieve a positive absolute return by targeting, before fees and expenses and over rolling three-year periods, an annualized return 5 per cent greater than Government of Canada 91-day treasury bills.
The fund invests in alternative asset classes and strategies such as currencies, commodities and factor-based strategies, in addition to traditional global asset classes.
Investors can hold the fund in registered and non-registered accounts, with a $500 initial minimum investment.