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TORONTO, July 16, 2024--(BUSINESS WIRE)--Today, Cboe Canada Inc. ("Cboe Canada") welcomes CIBC Asset Management for the launch of nine target maturity bond ETFs. The new funds offer access to Canadian or U.S. investment grade bonds and now trade on Cboe Canada under the following names and symbols:
- CIBC 2025 Investment Grade Bond Fund ETF (CTBA)
- CIBC 2026 Investment Grade Bond Fund ETF (CTBB)
- CIBC 2027 Investment Grade Bond Fund ETF (CTBC)
- CIBC 2028 Investment Grade Bond Fund ETF (CTBD)
- CIBC 2029 Investment Grade Bond Fund ETF (CTBE)
- CIBC 2030 Investment Grade Bond Fund ETF (CTBF)
- CIBC 2025 US Investment Grade Bond Fund ETF (CTUC.U)
- CIBC 2026 US Investment Grade Bond Fund ETF (CTUD.U)
- CIBC 2027 US Investment Grade Bond Fund ETF (CTUE.U)
"Building on the success of our initial launch of the CIBC Investment Grade Bond Funds in January 2024, which have grown to over $1.3 billion in assets under management, we are incredibly excited to expand our lineup of target maturity funds. These solutions are designed to help investors reach their shorter-term savings goals with simplicity," said David Scandiffio, President and Chief Executive Officer, CIBC Asset Management.
Seeking to provide income over a predetermined period, the funds invest primarily in corporate and government bonds with maturity dates in the year stated within the fund name. As the bonds reach maturity, each fund’s portfolio will transition to cash and cash equivalents until the termination date on or around November 30th of the maturity year.
"We’ve enjoyed a strong and mutually beneficial relationship with CIBC for many years, with 19 CIBC ETFs and 55 CDRs now listed on Cboe Canada," noted Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. "The choice to list an entire suite of funds with Cboe Canada is further validation of our commitment to providing Cboe Listed issuers with a world class listing experience and ongoing support and expertise."
The nine new CIBC ETFs are now trading alongside ten CIBC ETFs already listed on Cboe Canada. Investors can trade units of CIBC ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
Cboe Canada is home to over 290 unique listings, including ETFs from Canada’s largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies. Click here for a complete view of all listed securities on Cboe Canada.