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Switches/Transfers

There are some very good reasons for exchanging one fund for another. It could be a change in investment objectives, risk tolerance, tax bracket or fund performance. Whatever the reason, fund exchanges give investors the flexibility to control their asset mix.

There are two types of exchanges an investor can make on a regular basis:

  • Switches - when an investor exchanges one fund for another in the same account (i.e., within the same family of funds).
  • Transfers - when an investor transfers a fund from one account to another (available for both registered and non-registered plans).

Should both options be selected, the switch will always precede the transfer. It is unnecessary to sell a fund in order to switch between funds (which would lead to deferred sales charges). With the proceeds from the sale, investors can buy units of another mutual fund.

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Copyright 2024 CIBC Asset Management Inc. Renaissance Investments and Axiom Portfolios are offered by CIBC Asset Management Inc.

Renaissance Investments family of funds the Axiom Portfolios, the CIBC Private Pools, the CIBC Fixed Income Pools, the CIBC Fixed Income Funds, the CIBC Alternative Funds and the CIBC ETFs are managed by CIBC Asset Management Inc., a subsidiary of Canadian Imperial Bank of Commerce. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.

Please read the simplified prospectus before investing. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer, nor are they guaranteed. There can be no assurance that a money market fund will be able to maintain its net asset value per unit at a constant amount or that the full amount of your investment will be returned to you. Their values change frequently and past performance may not be repeated. ®Renaissance Investments, ®Axiom and ®Axiom Portfolios are registered trademarks of CIBC Asset Management Inc. Renaissance Investments is offered by CIBC Asset Management Inc.