CIBC Asset Management Inc. announces changes to CIBC ETFs
MWN-AI** Summary
CIBC Asset Management Inc. (CAMI) has announced significant changes to its suite of CIBC Exchange-Traded Funds (ETFs), effective November 1, 2025. The adjustments include switching the underlying indices of certain ETFs from Morningstar to MSCI and FTSE indices. This strategic realignment is intended to maintain the funds' investment objectives while enhancing investor exposure to various asset classes, sectors, and geographic regions.
In total, six CIBC ETFs are set to adopt new indices. For example, the CIBC Canadian Short-Term Bond Index ETF, currently linked to the Morningstar Canada 1-5 Year Core Bond Index, will now track the FTSE Canada Short Term Bond Index. Similarly, the CIBC Canadian Equity Index ETF will transition from the Morningstar Canada Domestic Index to the MSCI Canada Domestic IMI Index. This shift reflects CAMI's commitment to ensuring that the ETFs continue providing similar investment characteristics.
Alongside the index changes, the names of these ETFs will also change to reflect their new indices. For instance, the CIBC Canadian Equity Index ETF will be renamed the CIBC MSCI Canada Equity Index ETF.
Moreover, CAMI will reduce the management fees for select ETFs. The management fee for the CIBC Active Investment Grade Corporate Bond ETF will decrease from 0.35% to 0.25%, while the CIBC Active Investment Grade Floating Rate Bond ETF will see a reduction from 0.30% to 0.18%.
These changes, including the anticipated amendment of offering documents to regulators, aim to improve CIBC ETFs' attractiveness to investors, while retaining their core investment philosophies. Investors are encouraged to review updated information through CIBC’s official channels as the effective date approaches.
MWN-AI** Analysis
CIBC Asset Management Inc.'s recent announcement regarding changes to several CIBC Exchange-Traded Funds (ETFs) is significant for investors seeking refined strategies in their portfolios. As of November 1, 2025, CAMI will shift the underlying indices of six ETFs to those provided by MSCI and FTSE, while also reducing management fees on select funds.
This realignment towards MSCI’s more globally recognized indices may provide enhanced credibility and potentially better performance tracking, aligning with broader market trends. Notably, the transition from Morningstar indices could speak to a pursuit of improved analytics, making CIBC ETFs potentially more attractive to institutional investors who often prioritize robust index methodologies.
The name changes accompanying these transitions—from CIBC Canadian Equity Index ETF to CIBC MSCI Canada Equity Index ETF, for instance—further signify this move towards aligning with recognized benchmarks. This could bolster investor confidence in these funds, as MSCI indices are often perceived as industry standards.
Moreover, management fee reductions on select ETFs, such as the CIBC Active Investment Grade Corporate Bond ETF from 0.35% to 0.25%, present a strong incentive for investors looking for cost-effective strategies. Lower fees can significantly enhance net returns over time, especially in the context of fixed income, where margins are often tighter.
Investors may consider reallocating into these revamped CIBC ETFs, particularly given the established nature of MSCI and FTSE indices in performance measurement. However, due diligence on the specific funds and a careful assessment of individual investment goals and risk tolerance remain essential. Diversification within this newly indexed suite, alongside an eye on ongoing market developments, will be crucial in these evolving market conditions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO , Oct. 9, 2025 /CNW/ - CIBC Asset Management Inc. ("CAMI"), the manager of the CIBC Exchange-Traded Funds (individually a "CIBC ETF", and collectively, the "CIBC ETFs"), today announced index changes, name changes and management fee reductions to certain CIBC ETFs. All of the changes described below will be effective on November 1, 2025 .
Index changes
CAMI is changing the underlying index of certain CIBC ETFs from an index provided by Morningstar to an index provided by MSCI or FTSE.
The table below sets out the name of the current and new underlying index. Information about the new MCSI indices are available at msci.com and new FTSE indices at ftserussell.com .
Ticker | CIBC ETF | Current index | New index |
CSBI | CIBC Canadian Short-Term Bond Index ETF | Morningstar® Canada 1-5 Yr Core Bond Index™ | FTSE Canada Short Term Bond Index™ |
CCBI | CIBC Canadian Bond Index ETF | Morningstar® Canada Core Bond Index™ | FTSE Canada Universe Bond Index™ |
CCEI | CIBC Canadian Equity Index ETF | Morningstar® Canada Domestic Index™ | MSCI Canada Domestic IMI Index™ |
CUEI | CIBC U.S. Equity Index ETF | Morningstar® US Target Market Exposure Index™ | MSCI USA Index™ (CA NTR) |
CUEH | CIBC U.S. Equity Index ETF (CAD-Hedged) | Morningstar® US Target Market Exposure Hedged CAD Index™ | MSCI USA 100% Hedged to CAD Index™ |
CIEI | CIBC International Equity Index ETF | Morningstar® Developed Markets ex-North America Target Market Exposure Index™ | MSCI EAFE Index™ (CAD, NTR) |
CIEH | CIBC International Equity Index ETF (CAD-Hedged) | Morningstar® Developed Markets ex-North America Target Market Exposure Hedged CAD Index™ | MSCI EAFE 100% Hedged to CAD Index™ |
CEMI | CIBC Emerging Markets Equity Index ETF | Morningstar® Emerging Markets Target Market Exposure Index™ | MSCI Emerging Markets Index™ (CAD, NTR) |
The changes to the underlying indices described above are consistent with the current investment objectives and strategies of each CIBC ETF. These changes will ensure that investors continue to receive substantially the same exposure to the asset classes, sectors or geographic regions as those currently provided by each CIBC ETF. There will be no changes to the distribution policy or risk rating of each CIBC ETF. Additionally, the frequency of index rebalancing will remain unchanged.
Name changes
As a result of the change in the underlying index described above to the new MSCI indices, the names of six CIBC ETFs are also changing, as set out in the table below:
Ticker | Current name | New name |
CCEI | CIBC Canadian Equity Index ETF | CIBC MSCI Canada Equity Index ETF |
CUEI | CIBC U.S. Equity Index ETF | CIBC MSCI USA Equity Index ETF |
CUEH | CIBC U.S. Equity Index ETF (CAD-Hedged) | CIBC MSCI USA Equity Index ETF (CAD Hedged) |
CIEI | CIBC International Equity Index ETF | CIBC MSCI EAFE Equity Index ETF |
CIEH | CIBC International Equity Index ETF (CAD-Hedged) | CIBC MSCI EAFE Equity Index ETF (CAD Hedged) |
CEMI | CIBC Emerging Markets Equity Index ETF | CIBC MSCI Emerging Markets Equity Index ETF |
Lower management fees on CIBC ETFs
CAMI will also lower the annual management fee on select CIBC ETFs as set out in the table below:
Ticker | CIBC ETF | Current annual m anagement f ee | New annual m anagement f ee |
CACB | CIBC Active Investment Grade Corporate Bond ETF | 0.35 % | 0.25 % |
CAFR | CIBC Active Investment Grade Floating Rate Bond ETF | 0.30 % | 0.18 % |
An amendment to the offering documents for these CIBC ETFs will be filed with the Canadian securities regulatory authorities on or about October 9, 2025 .
Disclosures
CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, management fees and expenses all may be associated with investments in exchange-traded funds (ETFs). Please read the prospectus and ETF Facts before investing. To obtain a copy, call 1-888-888-3863, ask your advisor or visit www.cibc.com/etfs . ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. ETF units are bought and sold at market price on a stock exchange and brokerage commissions will reduce returns.
The CIBC Canadian Short-Term Bond Index ETF and the CIBC Canadian Bond Index ETF are not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). The LSE Group does not accept any liability whatsoever to any person arising out of the use of The CIBC Canadian Short-Term Bond Index ETF and the CIBC Canadian Bond Index ETF or the underlying data.
The MSCI indexes are the exclusive property of MSCI Inc. ("MSCI"). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by CIBC Asset Management Inc. The financial products referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such financial products or any index on which such financial products are based. The offering document contains a more detailed description of the limited relationship MSCI has with CIBC Asset Management Inc and any relevant financial products. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.
Morningstar® Canada 1-5 Yr Core Bond Index™, Morningstar® Canada Core Bond Index™, Morningstar® Canada Domestic Index™, Morningstar® US Target Market Exposure Index™, Morningstar® US Target Market Exposure Hedged CAD Index™, Morningstar® Developed Markets ex-North America Target Market Exposure Index™, Morningstar® Developed Markets ex-North America Target Market Exposure Hedged CAD Index™ and Morningstar® Emerging Markets Target Market Exposure Index™ are trademarks or service marks of Morningstar, Inc. and have been licensed for use for certain purposes by CIBC Asset Management Inc. CIBC Canadian Short-Term Bond Index ETF, CIBC Canadian Bond Index ETF, CIBC Canadian Equity Index ETF, CIBC U.S. Equity Index ETF, CIBC U.S. Equity Index ETF (CAD-Hedged), CIBC International Equity Index ETF, CIBC International Equity Index ETF (CAD-Hedged), CIBC Emerging Markets Equity Index ETF are not sponsored, endorsed, sold or promoted by Morningstar, and Morningstar makes no representation regarding the advisability of investing in CIBC Canadian Short-Term Bond Index ETF, CIBC Canadian Bond Index ETF, CIBC Canadian Equity Index ETF, CIBC U.S. Equity Index ETF, CIBC U.S. Equity Index ETF (CAD-Hedged), CIBC International Equity Index ETF, CIBC International Equity Index ETF (CAD-Hedged), CIBC Emerging Markets Equity Index ETF.
About CIBC
CIBC is a leading North American financial institution with 14 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 https://www.cibc.com/en/about-cibc/media-centre.html
About CIBC Asset Management
CIBC Asset Management Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $227 billion in assets under administration as of August 2025 .
SOURCE CIBC
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FAQ**
How will the changes to the underlying index for the CIBC Emerging Markets Equity Index ETF (CEMI:CC) impact its investment strategy moving forward?
What specific factors contributed to the decision to transition the CIBC Emerging Markets Equity Index ETF (CEMI:CC) from a Morningstar index to an MSCI index?
Can you elaborate on how the management fee reduction for the CIBC Emerging Markets Equity Index ETF (CEMI:CC) will affect its overall performance and investor returns?
Will the name change for the CIBC Emerging Markets Equity Index ETF (CEMI:CC) to CIBC MSCI Emerging Markets Equity Index ETF also reflect any changes in the fund's investment philosophy or objectives?
**MWN-AI FAQ is based on asking OpenAI questions about Cibc Canadian Equity Index Etf (TSXC: CCEI:CC).
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