TORONTO, Sept. 26, 2011 /CNW/ - Renaissance Investments has launched the
Renaissance Optimal Inflation Opportunities Portfolio and the
Renaissance Canadian All-Cap Equity Fund, key new additions to its
line-up that further elevate the firm's offering to investors. In
addition, the Renaissance Short-Term Income and Renaissance Canadian
Bond Funds are now available in Premium Class series, which offers
investors even greater value through lower management fees at higher
"The effects of inflation on wealth are a significant concern for
investors," said Steve Geist, President of CIBC Asset Management. "The
Renaissance Optimal Inflation Opportunities Portfolio aims to provide a
hedge against inflation while ensuring investors are not sidelined from
"We're also very pleased to expand our Canadian equity solutions by
offering Renaissance investors access to Suzann Pennington's proven
long-term track record in Canadian all-cap equity investing."
Renaissance Optimal Inflation Opportunities Portfolio
Designed to be a comprehensive inflation strategy, this portfolio aims
to mitigate inflation risk and provide growth opportunities from a
broad mix of asset classes globally. To achieve this, the portfolio
will invest in various asset classes, such as infrastructure, real
return bonds, global real estate and natural resources, amongst others.
It will also employ an active asset allocation strategy, optimizing its
asset mix to take advantage of changing economic environments around
The portfolio sub-advisor will be CIBC Global Asset Management Inc. with
Luc de la Durantaye, CFA, First Vice President, Asset Allocation and
Currency Management, as the lead portfolio manager. CIBC Global Asset
Management Inc. is one of Canada's leading asset managers, managing
more than $67 billion of assets for clients in Canada and globally. Mr.
de la Durantaye has over 25 years of investment experience and been
with the firm since 2002. He is responsible for strategic and tactical
asset allocation, currency management and absolute return strategies.
Renaissance Canadian All-Cap Equity Fund
A compelling addition to our Canadian equity line-up, this fund aims to
offer investors long-term capital growth by investing in companies with
strong growth potential across all capitalizations. A great one-stop
solution for investors.
CIBC Global Asset Management Inc. will be the portfolio sub-advisor,
with Suzann Pennington, CFA, Head of Canadian Equities, as the lead
portfolio manager. Suzann joined CIBC Global Asset Management in May
2011, bringing over 24 years of investment management experience and an
outstanding track record of analyzing and managing multi-cap equity and
balanced portfolios. As a disciplined bottom-up investor, Suzann
employs a fundamental approach to stock selection that results in an
equity portfolio that is different from, and typically more diversified
on a sector basis than, the benchmark index.
Renaissance Investments is offered by CIBC Asset Management Inc. CIBC
Asset Management, the asset management division of CIBC (CM: TSX) (CM:
NYSE), is responsible for the CIBC and Renaissance Investments families
of mutual funds, Frontiers Pools and the CIBC family of managed
portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services
and CIBC Personal Portfolio Services. CIBC Asset Management manages
approximately $50 billion in assets.
SOURCE Renaissance Investments
For further information:
Media contact: Kevin Dove, Senior Director, External Communications and Media Relations at 416-980-8835 or e-mail: email@example.com
Product inquiries: Renaissance Investments Client Services at 1-888-888-FUND (3863)