Fisher Investments' Q2 2025 13F Filing: Insights into Ken Fisher's Investment Moves

Canadian Imperial Bank of Commerce (CM) is terminating two investment-grade bond funds by November 28. Analysts predict an average price target of $78.72, suggesting a potential upside of 7.74% from the current price. GuruFocus estimates a GF Value of $57.97, indicating a potential downside of 20.65% from the current price. The bank's consensus recommendation stands at 2.3, aligning with an "Outperform" status.

Canadian Imperial Bank of Commerce (CM) has announced that it will be terminating two investment-grade bond funds by November 28, 2025. The funds in question are the CIBC 2025 Investment Grade Bond Fund and the CIBC 2025 U.S. Investment Grade Bond Fund. Effective immediately, CIBC Asset Management Inc. (CAM) will no longer accept new purchases for units of these funds. Redemption requests will be accepted until the close of business on November 28, after which any remaining units will be subject to a mandatory redemption [1].

The termination of these funds follows a series of strategic decisions by CAM to align with its investment objectives and market conditions. The ETF Series units of the CIBC 2025 Investment Grade Bond Fund (CBOE: CTBA) and the CIBC 2025 U.S. Investment Grade Bond Fund (CBOE: CTUC.U) are expected to be voluntarily delisted from Cboe Canada Inc. (Cboe) following market close on or about November 26, 2025 [2].

Prior to the termination date, CAM will endeavor to sell or convert the assets of each fund to cash and, after addressing all liabilities, will distribute the net assets pro rata among unitholders of record. An additional press release confirming the final valuation of the ETF Series units will be issued on or around the termination date.

Analysts have predicted an average price target of $78.72 for CIBC shares, indicating a potential upside of 7.74% from the current price. GuruFocus estimates a GF Value of $57.97, suggesting a potential downside of 20.65% from the current price. The bank's consensus recommendation stands at 2.3, aligning with an "Outperform" status [3].

Investors are advised to consult with their financial advisors to discuss the implications of these terminations and to determine the best course of action for their investment portfolios.

References:
[1] https://www.newswire.ca/news-releases/cibc-asset-management-inc-announces-termination-of-the-cibc-2025-investment-grade-bond-funds-831928255.html
[2] https://seekingalpha.com/news/4484537-canadian-imperial-bank-of-commerces-asset-management-unit-to-terminate-two-funds
[3] https://www.ainvest.com/news/merck-kgaa-raises-funds-4b-investment-grade-bond-sale-finance-springworks-acquisition-2508/