Minimums drop for CIBC funds

By Staff | June 25, 2020 | Last updated on June 25, 2020
1 min read
ALFRED GESCHEIDT / GETTY IMAGES; ICONS: ISTOCKPHOTO
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Toronto-based Canadian Imperial Bank of Commerce (CIBC) has significantly lowered the initial investment minimum for a number of its portfolios.

The investment minimum for the CIBC Passive Portfolios is now $500, down from the original $5,000 minimum.

The affected funds are as follows:

  • CIBC Conservative Passive Portfolio – Class A
  • CIBC Conservative Passive Portfolio – Class F
  • CIBC Balanced Passive Portfolio – Class A
  • CIBC Balanced Passive Portfolio – Class F
  • CIBC Balanced Growth Passive Portfolio – Class A
  • CIBC Balanced Growth Passive Portfolio – Class F
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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.