TORONTO, Feb. 12, 2015 /CNW/ - CIBC (TSX: CM) (NYSE: CM) is introducing, effective today, commission-free online trading on almost 2,000 ETFs until March 31, 2015 for all CIBC Investor's Edge clients. For all other online equity trades, CIBC Investor's Edge clients will continue to pay the low flat-rate commission of only $6.95.
"CIBC is continuing to make online trading more accessible for Canadians," says Marybeth Jordan, Managing Director and Head, CIBC Investor's Edge. "Many investors review and re-balance their investments during RRSP season, and this winter break from ETF trading commissions will help keep their trading costs low."
A recent CIBC poll found that among the investors surveyed, ETFs now comprise 10 per cent of self-directed investors' portfolios, compared to 3 per cent a decade ago.
"ETFs have expanded investment choices for investors and become one of Canada's fastest-growing investment vehicles," said Ms. Jordan. "The findings from our recent poll tell us that more self-directed investors are including ETFs as a key component of their investment portfolio."
Clients can visit the CIBC Investor's Edge ETF Centre to search ETFs and access detailed fund information and expert commentary.
In addition to commission-free ETFs and $6.95 flat-fee pricing, CIBC Investor's Edge offers other ways to save including:
- No administration fees on RESPs and TFSAs
- No additional charges on more than 2,000 mutual funds
- No-fee dividend reinvestment plan
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