History

• Herbert Wood and James Henry Gundy founded the investment firm of Wood, Gundy & Company in Toronto early in 1905. Their primary business at the time was municipal bonds. Wood, Gundy Inc went on to become one of the most respected members if the Canadian investment community. CIBC entered the investments market in 1987 when it formed DIBC Securities to offer mutual funds and other investment services to their customers. 1988 CIBC purchased a majority interest in Wood, Gundy Inc. CIBC eventually merged its investment banking business with Wood Gundy to create CIBC Wood Gundy Inc. in 1997.
  
  

Geography

• CIBC mutual funds are available throughout Canada, but the company's official website makes it clear that none of the information it provides should be construed as an offer to buy or sell their investment products to any resident of the United States. Shares of many international companies and mutual fund may be purchase in the form of American Depository Receipts (ADRs). Such ADRs are quoted in U.S. dollars and trade the same as listed stock of United States companies.
  
  

Types

• CIBC offers a number of different mutual funds which are grouped by investment objective. The lowest risk group is the savings mutual funds. These funds are immediately liquid, place a high priority on preservation of capital and provide interest income by investing in low risk products such as government issued and insured bills and bonds. CIBC income mutual funds provide a higher level of return by investing in high quality corporate bonds and other fixed income securities. These mutual funds carry a low to medium risk. CIBC also offers growth mutual funds to its more aggressive investors. This mutual funds invest in the stocks of a variety of companies with the goal of growing the investor's underlying capital.
  
  

Benefits

• To make investing easier CIBC offers its customers the option of making smaller, regular investments into their family of mutual funds rather than having to commit a large amount at one time. Through their Regular Investment Plan, CIBC will transfer a designated amount of money from your bank account and invest it in your mutual fund account. The regular investment allows investors to take advantage of dollar cost averaging, a method of investing that purchases more shares of the underlying mutual fund when the share price is low and fewer shares when the share price is higher.
  
  

Warning

• As with any investment, past performance is not a guarantee of future results. Investors should always read the prospectus and be fully satisfied that an investment matches their objective prior to investing any money. Mutual funds are not insured by the Canada Deposit Insurance Corporation. Neither the market value, rate of return nor the net asset value of mutual funds is guaranteed. Investors may lose part or all of their investment.