Toronto-based CIBC Asset Management Inc. (CIBC AM) is naming Sydney, Australia-based Maple-Brown Abbott Ltd. (MBA) as the new subadvisor for Renaissance Global Infrastructure Fund.
With this appointment, which takes effect around June 27, MBA will lend it specialization in the management of globally listed infrastructure securities and multi-asset investment portfolios, Australian equities and Asia Pacific ex-Japan equities, the firm’s release says.
“We continually evaluate our product lineup to ensure that investors are in the best position to receive strong, risk-adjusted returns from portfolio managers around the world,” says David Scandiffio, president and CEO at CIBC Asset Management, in a statement. “The enhancement announced today is expected to benefit our clients and strengthen our investment offering.”