THE 360 NEWSLETTER
Please be advised that effective August 28, 2023, the risk rating of the following funds was increased by CIBC Asset Management Inc. (ATL”):
|
Name |
Previous Risk Rating |
New Risk Rating |
|
Renaissance Optimal Income Portfolio |
Low |
Low to Moderate |
|
Renaissance Global Small-Cap Fund |
Moderate |
Moderate to high |
|
CIBC Multi-Asset Global Balanced Income Private Pool |
Low |
Low to Moderate |
|
CIBC Equity Income Private Pool |
Low to Moderate |
Moderate |
|
CIBC Global Credit Fund |
Low |
Low to Moderate |
These changes have been reflected on the Fund Fact documents available on Univeris. The risk rating changes at the product level will be updated in Univeris on Friday, September 15st , 2023.
For more detailed information, please click here to read CIBC Asset Management Inc. notice.
As a reminder, Representatives are expected to review impacted products in their clients’ portfolios upon a risk rating change and re-complete their KYP due diligence process as a risk rating change constitutes a material change to the product. Representatives are also expected to work to resolve suitability concerns within a 3-month period. For a list of your impacted clients, please reach out to your Compliance Officer.
Should you have any questions, please contact our Client Services Department, by email at investia@investia.ca, by phone at 1-888-684-5548 or use the chatbot feature available on the Advisor Centre.