Canadian Imperial Bank of Commerce, through its asset management division CIBC Global Asset Management, broadened its ETF lineup by launching three additional funds. The new funds are the Avantis CIBC Balanced Asset Allocation ETF, trading under CAKE, the Avantis CIBC Growth Asset Allocation ETF, trading under CAGR, and the Avantis CIBC World Equity ETF, trading under CAGX, all of which began trading on the Toronto Stock Exchange following the closure of the units offering process. Structured in collaboration with Avantis Investors, the three funds will be actively managed rather than tracking an index, adding to CIBC's existing offerings across investor risk-return preferences. The launch comes after CIBC reported Q3 FY26 revenue of C$8.368 billion, a 15% increase from the same period last year, with adjusted earnings up 26% year-over-year to C$2.73 per share, marking its ninth consecutive quarter of double-digit EPS growth. CIBC enters a crowded, rapidly expanding asset-allocation ETF market, and the growth-focused and world equity funds will be exposed to broader market fluctuations and currency volatility on international holdings.
Canadian Imperial Bank Of CommerceCIBC launched three new actively managed ETFs (CAKE, CAGR, CAGX) expanding its product lineup, alongside Q3 FY26 revenue up 15% and adjusted EPS up 26%.
