CIBC Asset Management today announced the addition of CIBC Global Asset Management as a portfolio sub-advisor to its Imperial Emerging Economies Pool, which is offered through CIBC’s flagship portfolio solutions program, Personal Portfolio Services (PPS), and CIBC Private Investment Counsel Inc.

In order to further enhance the Pool’s diversification, 25% of the Pool will now be managed through CIBC Global Asset Management’s Emerging Markets Enhanced Index strategy. This index mandate strives to add incremental value above the benchmark through various strategies, including active allocations by country and a currency management approach.

With this addition, the Pool will employ a combination of active and passive investment management strategies. The Boston Company Asset Management, LLC continues to manage 75% of the Pool using an active bottom-up approach.

“We continuously look for opportunities to provide added value for our clients, while managing risk,” said Steve Geist, President of CIBC Asset Management, in a news release. “Adding another management approach to the Imperial Emerging Economies Pool will bring additional diversification to this important asset class.”