FYI: Canadian Imperial Bank of Commerce has started offering its own exchange-traded funds, becoming the last of the country’s big five banks to enter a marketplace that’s now outselling mutual funds.
The firm’s CIBC Asset Management is offering two strategic beta equity ETFs -- one with a currency hedged option -- and two actively managed fixed income ETFs, with management fees ranging from 0.25 percent to 0.35 percent, the Toronto-based lender said Tuesday in a statement. The ETFs begin trading today on the Toronto Stock Exchan
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-01-22/cibc-becomes-last-of-canada-s-big-five-banks-to-join-etf-parade?srnd=etfs
