The CIBC Family of Portfolios consists of CIBC Managed Portfolios and CIBC U.S. Dollar Managed Portfolios, which are mutual funds that invest primarily in CIBC Mutual Funds, and CIBC Passive Portfolios, which are mutual funds that invest primarily in
CIBC Index Mutual Funds.
CIBC Index Growth (Guaranteed Return) GICs and the Subscription Deposits held for a
CIBC Index Growth (Guaranteed Return) GIC (Canadian dollar only)
A CIBC Personal Portfolio Services account includes units of various mutual funds offered under the Imperial Pools» simplified prospectus or
CIBC Index Mutual Funds offered under the CIBC Mutual Funds and CIBC Family of Managed Portfolios simplified prospectus.
Another advantage of
CIBC index fund management fee distribution discount is that the combined assets of 150,000 can be over several accounts as long as the accounts have the same SIN # associated with it.
Add up the trading expenses across all your accounts and if you find that you are paying more than 20 basis points, you might be better off with TD e-Series or, for larger accounts,
CIBC Index Mutual Funds.
My biggest concern about
CIBC Index Funds is that they are not currency hedged.
One feature of
CIBC index funds is that they aren't currency hedged.
I use
the CIBC Index funds as a place to put my money until I have enough to justify an ETF purchase (min $ 2500 is my rule; more often $ 5000).
@Cameron: Yes,
CIBC index funds would pay both MER rebate to you and trailer fees to the brokerage.
Investors with more than $ 500,000 in
CIBC index funds can get a discount of 0.68 %.
It is possible to spread
CIBC index funds over several accounts: discount brokerage, RRSP, and RESP and qualify for the management fee distribution discount.
By investing
CIBC Index Funds with MER rebate at CIBC Imperial Services, you are getting access to a full service brokerage at a discount brokerage price.
Not exact matches
CIBC job quality
index —
CIBC economist Benjamin Tal issued his latest job quality report Jan. 25, showing that B.C. job quality dropped again in 2011.
Overall, the weighted MER of Donald's ETF portfolio is 0.19 %, while the
index funds would cost 0.49 % (0.38 % if we get rid of the
CIBC fund).
For example, the
CIBC Global Bond
Index Fund, the only one of its kind in Canada, tracks the cap - weighted J.P. Morgan Global Government Bond
Index, which includes only investment - grade bonds.
I've always wondered why
CIBC has the largest lineup of
index funds among Canadian banks, but also charges the highest fees.
Before we give this ETF too much crap, keep in mind it follows the
CIBC Canadian Buyback
Index, which actually has a history of outperformance.
My understanding is that if you purchase the
index funds directy via
CIBC that no trailers fees would be deducted.
The performance of
CIBC's Market Linked GICs is directly related to the performance of a group of shares, funds or a broad - based
index.
But as a reader pointed out the other day,
CIBC offers a management fee distribution discount of 0.63 % for investors who hold more than $ 150,000 in their
index mutual funds.
CIBC also has
index funds tracking global bonds, the S&P 500, Europe, Japan, Asia - Pacific markets and a balanced
index fund.
CIBC's
index funds are also available through PC Financial, which offers a rebate of 10 basis points.
Unlike TD e-Series funds, which charge MERs ranging from 0.31 to 0.48,
CIBC's
index funds charge MERs that are about 1 %.
My bank (
CIBC), has a balanced
index fund that has 1.2 % management expense ratio (https://www.
cibc.com/en/personal-banking/...
CIBC World Markets and RBC Capital Markets will soon cease to publish their bond
indices which will be replaced by the new S&P / TSX Canadian Bond
Index.
FYI all, there is a good and relatively cheap no load (1.3 % MER) mutual fund that broadly replicates the EEM / VWO MSCI
index and I believe (grateful for correction) it is C$ hedged: it is CIBC Emerging Market Index CI
index and I believe (grateful for correction) it is C$ hedged: it is
CIBC Emerging Market
Index CI
Index CIB519.
Only one Canadian
index fund (from
CIBC) fits this description, and it charges 1.10 %.
CIBC Emerging Market
Index Fund using SMA200: Return in Period 1 (July 2004 to the end of January 2008): 109.15 % Return in Period 2 (May 2009 to the end of August 2009): 15.66 % Combined Return in Period 1 & 2: 141.90 % Final Amount: 24190.28 CAD
It is a surprise that buy and hold
CIBC Emerging Market
Index Fund outperformed buy and hold EEM for Canadian investors by large amount: 12.64 %.
Difference between using SMA200 on EEM and SMA200 on
CIBC Emerging Market
Index Fund is 5.06 %.
If you bought and hold
CIBC Emerging Market
Index Fund from July 2004 to August 2009, then 10k CAD would become 17966 CAD.
The
index's top holdings are Royal Bank, 7.8 %; TD Bank, 7.1 %; Valeant Pharmaceuticals, 5.6 %; Bank of Nova Scotia, 5.4 %; CN Railway, 4.8 %; Suncor Energy, 3.6 %; Enbridge, 3.6 %; Bank of Montreal, 3.5 %; BCE, 3.2 %; Manulife Financial, 3.1 %; Canadian Natural Resources, 2.9 %; Trans - Canada Corp., 2.8 %; Brookfield Asset Management, 2.7 %;
CIBC, 2.6 %; and CP Rail, 2.5 %.
CIBC Emerging Market
Index Fund has a higher MER (1.37 %) vs EEM -LRB-.72 %).
The alternatives: There are only two other balanced
index funds available: the CIBC Balanced Index Fund, with an MER of 1.09 %, and the ING Streetwise Balanced Fund, with an MER of
index funds available: the
CIBC Balanced
Index Fund, with an MER of 1.09 %, and the ING Streetwise Balanced Fund, with an MER of
Index Fund, with an MER of 1.09 %, and the ING Streetwise Balanced Fund, with an MER of 1 %.