PR Newswire | Mar 31, 2021 11:30AM EDT

03/31 10:30 CDT

CIBC Asset Management Virtually Opens The Market TORONTO, March 31, 2021

TORONTO, March 31, 2021 /CNW/ - David Scandiffio, President and CEO, CIBC Asset Management (TSX: CM) and his team joined Graham Mackenzie, Head, Exchange Traded Products, TMX Group, to open the market to celebrate the launch of the new index exchange-traded funds (ETFs) designed to cover the core exposures in a typical asset allocation strategy: CIBC Canadian Bond Index ETF (TSX: CCBI), CIBC Canadian Equity Index ETF (TSX: CCEI), CIBC U.S. Equity Index ETF (TSX: CUEI) and CIBC International Equity Index ETF (TSX: CIEI).

CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $153 billion in assets under administration as of February 2021.

For Market Openings:Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com. The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date: Wednesday March 31, 2021Time: 9:00am - 9:30amPlace: Virtually Broadcast

SOURCE Toronto Stock Exchange