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Monday, January 25, 2010

Renaissance Investments Launches Tax-Efficient Corporate Bond Capital Yield Fund

Renaissance Investments Launches Tax-Efficient Corporate Bond Capital Yield Fund



In response to investors’ clear demand for yield, Renaissance Investments launched the Renaissance Corporate Bond Capital Yield Fund, available for purchase today. This fund offers investors exposure to higher yielding corporate bonds, which are a compelling investment opportunity in today’s market environment, with tax-efficient monthly distributions.

“We are excited to add this innovative new product to our Renaissance Investments line-up,” said Steve Geist, President of CIBC Asset Management. “Now more than ever, investors are looking for higher yielding fixed income solutions which are also tax-efficient. We believe the Renaissance Corporate Bond Capital Yield Fund will deliver on both fronts.”

The fund seeks to generate tax-efficient returns, primarily through exposure to its reference fund, the Renaissance Corporate Bond Fund. The corporate bond mandate of the reference fund is managed by CIBC Global Asset Management Inc., one of the largest fixed-income investment managers in Canada. CIBC Global Asset Management’s process includes both top-down and bottom-up analysis of a combination of fundamental and technical factors. Their approach is based on rigorous in-house credit research to identify issuers that meet their exacting investment criteria. The portfolio will be diversified across industry group and credit rating.

You can purchase a higher-yielding income solution that provides better after-tax returns.