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President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.
The PC points loyalty program is provided by President's Choice Services Inc.
CIBC Securities Inc. index funds
An index fund is a mutual fund that aims to track the performance of a specific stock or bond index (such as the S&P/TSX Composite Index). Indexing is referred to as “passive management” because unlike “active management”, whose goal is to outperform a particular index, indexing does not rely on the ability of a fund manager to pick securities.
Index funds don't rely on fund managers to pick investments, so they generally have lower management fees and trading costs than actively managed funds. The securities held in index funds are also traded less frequently — which means capital gains are largely deferred until you sell the fund, giving you control over your own taxes.
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CIBC Money Market Fund and CIBC Index Funds
CIBC Money Market Fund and CIBC Index Funds Class A units require a minimum initial investment of $500 unless a regular investment plan is set up, in which case a minimum investment of $25 per month is required.
saving funds
Invest in low-risk money market instruments, such as Treasury Bills, designed to generate interest with a high priority on protecting the value of your initial investment. These funds are accessible at any time.
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investment summary | |
volatility ranking1 | |
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treasury bills and money market instruments | |
Low | |
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income funds
Focus on the potential to generate a higher level of income than savings funds with some capital growth over the long term. These funds may hold fixed income and equity securities. Some funds are low-risk, while others are medium-risk investments.
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investment summary | |
volatility ranking1 | |
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Scotia Capital (SC) Short-Term Bond Index | |
Low | |
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Scotia Capital (SC) Universe Bond Index | |
Low | |
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J.P. Morgan Global Government Bond Index (excluding Canada) | |
Low to Medium | |
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growth funds
Invest in stocks form a variety of different companies, with the objective of generating capital growth. These are higher-risk funds that tend to outperform other asset classes over the long term.
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index fund name |
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investment summary | |
volatility ranking1 | |
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Scotia Capital (SC) Universe Bond Index, Standard & Poor's / TSX (S&P/TSX) Composite Index, Standard & Poor's (S&P) 500 Index, Scotia Capital (SC) 91-Bay T-Bill Index, Far East (MSCI EAFE) Index | |
Low to Medium | |
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Standard & Poor's / TSX (S&P/TSX) Composite Index | |
Medium | |
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Wilshire 5000 Total Market Index | |
Medium | |
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Standard & Poor's (S&P) 500 Index | |
Medium | |
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Morgan Stanley Capital International - Europe, Australasia, Far East (MSCI EAFE) Index | |
Medium | |
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Morgan Stanley Capital International (MSCI) - Europe Index | |
Medium | |
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Morgan Stanley Capital International (MSCI) - Emerging Markets Index | |
Medium to High | |
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Morgan Stanley Capital International (MSCI)- AC Pacific Index | |
Medium | |
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NASDAQ 100 Index | |
High | |
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1volatility (low to high): The lower the volatility ranking, the lower the risk of the fund. Funds with a volatility ranking of high are the most risky. For a description of the specific risks of a fund, see the fund’s simplified prospectus
†U.S. dollar versions are not available through Presidents Choice Financial.
"Standard & Poor's®", "S&P®", "S&P 500®", and "Standard & Poor's 500" are trade-marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Canadian Imperial Bank of Commerce. The product is not sponsored, endorsed, sold or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in the product. TSX © 2010 TSX Inc. All Rights Reserved.
The S&P 500® Index is an index that is intended to represent the U.S. equity market. It includes 500 stocks representing all major industries in the United States.
Nasdaq®, is a trademark of The NASDAQ Stock Market Inc., (which, with its affiliates, are the "Corporations") and is licensed for use by CIBC Securities Inc. CIBC Nasdaq Index Fund (the “Fund”) has not been passed on by the Corporations as to its legality or suitability. The fund is not issued, endorsed, sold or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the fund.
"Wilshire" and "Wilshire 5000 Total Market IndexSM" are service marks of Wilshire Associates Incorporated and have been licensed for use for certain purposes by CIBC. CIBC U.S. Broad Market Index Fund, based on the Wilshire 5000 Total Market IndexSM, is not sponsored, endorsed, sold, or promoted by Wilshire and it makes no representation regarding the advisability of investing in such product.
The MSCI indexes are the exclusive property of Morgan Stanley Capital International Inc. ("MSCI"). MSCI and the MSCI index names are service marks of MSCI or its affiliates and have been licensed for use for certain purposes by CIBC. The Fund is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to the Fund. The prospectus contains a more detailed description of the limited relationship MSCI has with CIBC and the Fund. No purchaser, seller or holder of any Fund, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting MSCI to determine whether MSCI's permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI.
helpful tools and information
- CIBC Mutual Fund Fees
- CIBC Fund Facts
- CIBC Mutual Funds and CIBC Family of Managed Portfolios Simplified Prospectus
- CIBC Mutual Funds and CIBC Family of Managed Portfolios Annual Information Form (AIF)
- CIBC Mutual Funds and CIBC Family of Managed Portfolios Financial Statements
- CIBC Mutual Funds and CIBC Family of Managed Portfolios Management Reports of Fund Performance - Annual 2011
- Quarterly Portfolio Disclosures
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important information about CIBC Securities Inc. and CIBC Mutual Funds
† President's Choice Financial services are provided by the direct banking division of CIBC.
President's Choice Financial MasterCard is provided by President's Choice Bank.