CIBC Asset Management Inc. has announced changes to its Renaissance Investments product line-up, including changes to investment objectives and fund names, as well as the appointment of new sub-advisors.

Effective December 1, the investment objectives for five Renaissance Investments funds will change. The five funds (names effective December 1) are:

> Renaissance High Yield Bond Fund;

> Renaissance Real Return Bond Fund;

> Renaissance Global Multi Mangement Fund;

> Renaissance U.S. Equity Fund; and

> Renaissance International Dividend Fund.

The new investment objectives were approved by a significant majority at special meetings of unitholders of the funds held on July 25. To better reflect the new investment objectives, the investment strategies will be revised accordingly and the names of certain funds will also be changed.

In addition, as a result of these changes, CIBC Asset Management Inc. will also implement certain portfolio sub-advisor changes

As a result of Renaissance U.S. Equity Fund’s investment objective change, Enhanced Investment Technologies, LLC (INTECH) has been appointed portfolio sub-advisor, replacing CIBC Global Asset Management Inc. effective December 1.

U.S.-based INTECH uses a mathematical model to capitalize on equity market growth while carefully managing risk. INTECH has applied their proprietary strategy to achieve above-index returns since 1987. J

As a result of Renaissance International Dividend Fund’s investment objective change, KBC Asset Management International Ltd. (KBCAM) has been appointed portfolio sub-advisor, replacing CIBC Global Asset Management Inc. effective December 1.

KBCAM is a subsidiary of the KBC Group, one of Europe’s largest financial services providers. KBCAM is known for its expertise in the international dividend universe. T

Pictet Asset Management Ltd. has been appointed portfolio sub-advisor of Renaissance Emerging Markets Fund, replacing BlackRock Investment Management International Ltd., effective November 1.

Effective December 1, Renaissance Canadian Income Fund will have its name changed to the Renaissance Short-Term Income Fund to betterreflect its current investment objective and strategy.

“We are confident these changes will further add to the strength and breadth of the Renaissance Investments family of funds. They support our commitment to offer investors choice, value and quality investment management expertise,” says Steve Geist, president, CIBC Asset Management Inc.

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