TORONTO, April 17, 2026 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Global Asset Management ("CIBC GAM") today announced it will reopen the Renaissance U.S. Equity Fund (the "Fund") to investors on or about April 30, 2026. This means the Fund will be open to all new purchases from existing and new unitholders (including through regular investment plans). The Fund seeks long-term capital growth by investing primarily in equity securities of companies listed on major U.S. exchanges and/or domiciled primarily in the United States.
The Fund was previously capped to all investors on December 9, 2020.
Effective on or about April 30, 2026, portfolio management responsibilities for the Renaissance U.S. Equity Fund will be assumed by Emory W. (Sandy) Sanders, Jr. Sandy brings over two decades of distinguished leadership in equity portfolio management, having spearheaded flagship strategies at major North American investment firms. He currently leads the development and management of active U.S. equity strategies across all market capitalizations at CIBC Private Wealth Advisors, Inc.
CIBC GAM reserves the right to cap the Fund or otherwise restrict investment into the Fund at a later date.
This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. To obtain a copy of the simplified prospectus, call 1-888-888-FUND (3863). Alternatively, you may obtain a copy from your advisor. Any information or discussion about the current characteristics of this mutual fund or how the portfolio manager is managing the mutual fund that is supplementary to information in the prospectus is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed.
The material and/or its contents may not be reproduced without the express written consent of CIBC Global Asset Management. Past performance may not be repeated and is not indicative of future results.
Renaissance Investments are offered by CIBC Asset Management Inc. ®Renaissance Investments is a registered trademark of CIBC Asset Management Inc.
The CIBC logo and "CIBC Global Asset Management" are trademarks of CIBC, used under license. CIBC Global Asset Management is a brand name under which CIBC Asset Management Inc. operates.
About CIBC
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
About CIBC Global Asset Management
CIBC Global Asset Management (CIBC GAM), the asset management subsidiary of CIBC, is one of Canada's largest asset managers. Established in 19721, CIBC GAM offers a broad range of investment solutions, including mutual funds, ETFs, portfolio solutions, alternative investments, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. With teams across Canada and the US, CIBC GAM serves retail, high-net-worth and institutional clients in North America and institutional clients worldwide. As of December 31, 2025, CIBC GAM managed $398 billion in assets under management2. For more information, visit cibc.com/gam or follow us on LinkedIn.
1TAL Global Asset Management Inc., a privately-owned investment manager was founded in 1972. CIBC took an ownership stake in 1994, eventually assuming 100% in 2001.
2Includes $58 billion in notional currency and $29 billion in third-party sub-advised assets. All figures in CAD. As at December 31, 2025.
SOURCE CIBC
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For further information: Kira Smylie, CIBC Public Affairs, 416-980-2949 or kira.smylie@cibc.com