CIBC poll finds more self-directed investors are including exchange-traded funds in their investment portfolio
TORONTO, Feb. 12, 2015 /CNW/ - CIBC (TSX: CM) (NYSE: CM) is introducing, effective today, commission-free online trading on almost 2,000 ETFs until March 31, 2015 for all CIBC Investor's Edge clients. For all other online equity trades, CIBC Investor's Edge clients will continue to pay the low flat-rate commission of only $6.95.
"CIBC is continuing to make online trading more accessible for Canadians," says Marybeth Jordan, Managing Director and Head, CIBC Investor's Edge. "Many investors review and re-balance their investments during RRSP season, and this winter break from ETF trading commissions will help keep their trading costs low."
A recent CIBC poll found that among the investors surveyed, ETFs now comprise 10 per cent of self-directed investors' portfolios, compared to 3 per cent a decade ago.
"ETFs have expanded investment choices for investors and become one of Canada's fastest-growing investment vehicles," said Ms. Jordan. "The findings from our recent poll tell us that more self-directed investors are including ETFs as a key component of their investment portfolio."
Clients can visit the CIBC Investor's Edge ETF Centre to search ETFs and access detailed fund information and expert commentary.
In addition to commission-free ETFs and $6.95 flat-fee pricing, CIBC Investor's Edge offers other ways to save including:
- No administration fees on RESPs and TFSAs
- No additional charges on more than 2,000 mutual funds
- No-fee dividend reinvestment plan
Offer includes 1900 eligible ETFs; applies only to online trades and excludes leveraged ETFs. Minimum $100 order (in the currency of the trade). See full offer details.
All CIBC Investor's Edge clients pay $6.95 CAD or USD per online electronic equity trade. Trade options for an additional $1.25 per options contract. For full details, please visit the CIBC Investor's Edge Fees and Commissions page.
From September 19 to September 22, 2014, an online survey was conducted among 1,503 randomly selected Canadian adults who are decision makers for their discount brokerage or direct investing accounts and who also are Angus Reid Forum panelists. The margin of error—which measures sampling variability—is +/- 2.5%, 19 times out of 20. The results have been statistically weighted according to region and gender. Discrepancies in or between totals are due to rounding.
About CIBC Investor's Edge
CIBC Investor's Edge provides its clients with exceptional service, support and value. Clients benefit from online and telephone access to their accounts, and can trade on-the-go with the CIBC Mobile Brokerage App. CIBC Investor's Edge offers clients a wide range of accounts and investments, including stocks, ETFs, fixed income instruments, options, GICs and over 2,000 mutual funds, as well as online planning tools, and robust research and education resources.
CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.
SOURCE Canadian Imperial Bank of Commerce
For further information:
Media contact: Caroline Van Hasselt, Director, External Communications and Media Relations, at 416-784-6699 or e-mail: [email protected].