Skip navigation

GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $15.37 (as at December 5, 2016)  1-day chg: $.1671 1.10%  YTD: -20.41%

Returns as at October 31, 2016

  Fund Group Avg Index*
1 Month -4.26% -2.24% -1.33%
3 Months -4.42% -0.72% 0.63%
6 Months -2.36% 0.73% 3.95%
1 Year -13.06% -5.48% -4.62%
2 Year Avg 2.16% 4.90% 5.38%
3 Year Avg 2.37% 3.88% 6.03%
4 Year Avg 6.84% 9.79% 12.42%
5 Year Avg 7.56% 9.01% 11.44%
10 Year Avg 2.11% 1.27% 3.17%
15 Year Avg 2.69% 2.69% 4.62%
20 Year Avg 3.46% 3.23% 6.01%
Since Inception - - -
 
2015 22.60% 17.02% 17.12%
2014 -0.08% -1.32% 2.82%
2013 21.55% 29.88% 34.41%
 
3 year risk 13.98 12.55 11.42
3 year beta 0.96 0.87 1.00

*MSCI Europe ($ Cdn)

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the MSCI Europe ($ Cdn).

Risk Measures as at October 31, 2016

Best/Worst 12 months (since inception)
Best (ending May 98): 41.14 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Mar 09): -34.48 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 14 High

Fund Objectives

The objective of the fund is to provide long-term growth through capital appreciation by investing primarily in equity securities. This Fund seeks long-term growth through capital appreciation by investing primarily in securities of mid-to large-capitalized companies located in select member countries of the European Union and in securities of non-member European countries with established stock exchanges. These countries include but are not limited to: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Sweden, Switzerland and the United Kingdom. The Fund may also invest a limited portion of its assets in other lesser developed European countries including, but not limited to: Czech Republic, Hungary, Poland, Russia, Turkey and Ukraine.

Fund Facts

Fund Sponsor: CIBC Asset Management
Managed by: CIBC Securities Inc.
Fund Type: MF Trust
Inception Date: November 1995
Asset Class: European Equity
Quartile Rank: 3 (3YR ending October 31, 2016)
Total Assets: $16.8 million
Mgmt Exp. Ratio (MER): 2.66%
Management Fee: 2.25%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$25
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$25
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation October 31, 2016

Equity Sector Weightings October 31, 2016

Fund Geography October 31, 2016

Top Holdings as at October 31, 2016

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at December 5, 2016
1 Year Performance (%)
- DSV A/S Transportation Denmark Stock 4.29   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
AON-N Aon Corporation Insurance United Kingdom Stock 4.09   16.26 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
TOT-N Total SA Integrated Oils France Stock 4.06   0.73 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Sodexo SA Ord - United States Stock 4.04   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Adidas AG Ord - United States Stock 3.81   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
ACN-N Accenture plc Other Services Ireland Stock 3.78   7.9 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Compass Group PLC Food Services United Kingdom Stock 3.74   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Reckitt Benckiser Group PLC Misc. Consumer Products United Kingdom Stock 3.71   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Fresenius Se & Co Kgaa Ord - United States Stock 3.49   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
- Essilor International SA Biotechnology & Pharmaceuticals France Stock 3.47   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Portfolio Manager(s)

Luc de la Durantaye, CFA, BA

CIBC Global Asset Management Inc.

Start Date: October, 2005

Fund Return: 3.76%

Luc de la Durantaye is Managing Director, Asset Allocation and Currency Management at CIBC Asset Management (CAM). He leads a team of over twenty portfolio managers, analysts and traders who are responsible for strategic and tactical asset allocation, currency management and absolute return strategies. He is also a member of CAM's Investment Committee. Luc began his career in 1985 as a financial analyst at a sell-side brokerage firm in Montreal. During the 1990s Luc began to focus on tactical asset allocation and currency management in his position with the investment management division of a large Canadian financial institution. After spending several years in Toronto he returned to Montreal in 2002, where he joined CIBC Asset Management Inc.s predecessor firm as leader of the Asset Allocation and Currency team. Luc is a frequent speaker at investment forums and is often quoted in the national media regarding his views on global currencies and international equity markets. He received his Bachelor of International Finance from École des Hautes Études Commerciales in Montreal. He is also a CFA charterholder.

Also manages:CIBC Balanced, CIBC Canadian Equity Value, CIBC Dividend Income, CIBC Global Equity Class A, Renaissance Optimal Infl Opp Port

View fund manager performance report