CIBC Asset Management adds four new ETFs

CIBC Asset Management Inc. has launched four new ETFs.

Joining the firm’s ETF suite, and marking its return to the NEO Exchange, are the: CIBC Qx Canadian Low Volatility Dividend ETF (ticker CQLC); the CIBC Qx U.S. Low Volatility Dividend ETF (ticker CQLU); the CIBC Qx International Low Volatility Dividend ETF (ticker CQLI); and the CIBC Clean Energy Index ETF (ticker CCLN).

CQLC will invest in Canadian securities that deliver regular income from dividends, while also looking to reduce volatility. The fund has a 0.30% annual management fee, with a medium risk rating.

CQLU will invest in U.S. equity securities that provide regular dividend income. The fund also has a 0.30% fee and medium risk rating.

CQLI will invest primarily in foreign equity securities located in Europe, the Far East and the Pacific Rim, also with a focus on regular dividend income. The fund has a 0.40% fee and a medium risk rating.

CCLN will seek to replicate the CIBC Atlas Clean Energy Select Index, which focuses on companies that provide products and services which enable the evolution of a more sustainable energy sector. Possible areas of exposure include renewable energy sources, clean technologies like electric vehicles, and other emerging clean-energy activities and technologies.

The clean energy fund has a 0.35% fee and a high risk rating.

The firm said in a release that the funds “offer features and benefits that are distinctive in the marketplace and offer compelling value for Canadian investors.”

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