CIBC announced today the launch of the Global Monthly Income Balanced Portfolio to be offered through its flagship portfolio program, CIBC Personal Portfolio Services.
Global Monthly Income Balanced Portfolio offers investors the benefits of income generation, global diversification and professional portfolio management through a diversified portfolio of Imperial Pools. It is ideal for investors seeking a diverse monthly income stream, from both global and domestic securities, including dividends, capital gains and/or return of capital, which may be tax-preferred.
The portfolio will invest in six underlying Imperial Pools. Its largest position will be in the recently launched Imperial Global Equity Income Pool, which brings together the expertise of BlackRock Investment Management LLC (BlackRock) and KBC Asset Management International Ltd. (KBCAM) into one globally diversified monthly income solution.
BlackRock, based in Princeton, New Jersey, will act as sub-advisor on the U.S. equity component of the Pool (50% of the Pool).
KBCAM, based in Dublin, Ireland, will sub-advise the international equity component of the Pool (50% of the Pool). KBCAM is a subsidiary of the KBC Group, one of Europe’s largest financial services providers.
“We are pleased to add BlackRock and KBCAM’s investment expertise to the CIBC Personal Portfolio Services line-up,” says Steve Geist, president of CIBC Asset Management. “The combination of their proven superior performance and complementary styles is very well positioned to offer our investors strong consistent long-term performance and good income generation.”
CIBC introduces Global Monthly Income Balanced Portfolio
Portfolio will invest in six underlying Imperial Pools
- By: IE Staff
- February 4, 2008 February 4, 2008
- 16:10