CIBC Asset Management launches new index ETFs

CIBC Asset Management launched two new index ETFs on Thursday.

The CIBC Global Bond ex-Canada Index ETF (CAD-Hedged) and the CIBC Emerging Markets Equity Index ETF provide investors with exposure to the global fixed-income and emerging markets. They build on the core index ETF offerings that CIBC Asset Management launched earlier this year, and have management fees of 0.19% and 0.22%, respectively, a release said.

The ETFs have begun trading on the Toronto Stock Exchange.

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