Beating the market is no easy thing, and we attempt to do so only where we believe we have seasoned professionals with a high-conviction investment philosophy and a performance edge. All internal strategies must meet a high bar compared to the competition within their investment categories. Because we combine that standard with the breadth of knowledge on our Multi-Manager Investment Team, we have something unique and incredibly strong.
The Disciplined Equity Strategy is a tax-efficient, large-cap U.S. equity strategy with a focus on leading companies that generate significant free cash flow.
Four important factors drive its strong results:
Q1 2019 Edition
7 Important Questions About the Economy and Markets
At CIBC Private Wealth Management, we have smart and thoughtful clients—and they’re asking good questions about the current market environment–including violent market gyrations, inflation, the Federal Reserve's use of gradualism and more.
Patricia A. Bannan, CFA
Head of Equities, Co-Manager, Disciplined Equity Strategy
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Brant Houston, CFA
Co-Manager, Disciplined Equity Strategy
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The Equity Income strategy's primary focus is on total return, with the ability to invest in high-quality common stocks, Real Estate Investment Trusts (REITs) and Master Limited Partnerships (MLPs) that exhibit dividend growth greater than the market. The portfolio aims to provide lower volatility than the overall market.
Three important factors drive its strong results:
A Non K-1 version of the strategy is available that follows the same investment process except in order to simplify client tax reporting, the strategy does not invest in securities that generate K-1s.
as of 01.25.18
The Advantages of Dividend Growth Investing and our Equity Income Strategy
A dividend growth investing strategy, however, focuses on creating a diversified portfolio of companies that not only pay out dividends, but increase their dividends over time.
Robert C. Bridges
John P. Huber
Gordon Scott, CFA
Portfolio Manager, Equities
The Large Cap Growth strategy aims for growth with low volatility by investing in large market capitalization companies. These are high-quality companies that are generally dominant in their industries and that exhibit above-average earnings growth and strong competitive positions.
Gordon C. Scott, CFA
The Mid-Cap Growth Equity Strategy is a tax-efficient, U.S. mid-cap equity strategy that seeks long-term capital appreciation by investing in high-quality companies with excellent business models that generate consistent, strong financial returns.
Two investment management teams at CIBC Private Wealth Management are a rarity: together for 22 and 19 years, respectively.
Bigger Things Might Come in Smaller Packages
"We think anticipated changes to economic policy are likely to improve the outlook for small caps," says Bryan Reilly, a senior investment analyst for CIBC Private Wealth Management.
Boom, Bust, Recovery
Housing is now in a modest, but solid, recovery, in large part due to spending on R&R—repair and remodeling.
Jay Pearlstein, CFA
Mid-Cap Growth Equity Strategy
Frederick L. Weiss, CFA
The All Cap Growth strategy seeks to outperform the market by investing in quality, high-growth companies, experiencing strong and visible growth. The strategy has a high active share and the ability to invest across all market capitalizations.
The Income Opportunities Strategy is a tax-efficient, income-generating U.S. equity and fixed income strategy that seeks current income and long-term capital appreciation by investing in high-quality companies with significant free cash flow.
as of 07.12.18
Q3 2018 Investment Outlook
Senior members of CIBC Private Wealth Management’s investment team discuss the road ahead for the economy, policy and the financial markets
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as of 01.16.18
Q1 2018 Investment Outlook
Dave Donabedian, Chief Investment Officer for CIBC Private Wealth Management, Bill Norris, Chief Investment Officer for CIBC Bank USA, and Gary Pzegeo, Head of Fixed Income for CIBC Private Wealth Management, present their analysis of investment themes for 2018.
Gary E. Pzegeo, CFA
Head of Fixed Income
Co-Manager, Income Opportunities Strategy
The International Growth strategy focuses on high-quality international companies that sustain higher-than-average earnings growth over extended periods of time. The strategy employs a fundamental bottom-up stock selection process while maintaining sector and geographic awareness.
as of 10.08.18
International Update: European Due Diligence
The wild ride continued last month as the market declined over 3.0% early on, only to stage a strong recovery in the back half of the month.
as of 08.21.18
Emerging Markets: Looking Through the Storm
Most headlines related to emerging markets (EM) have been decidedly negative this year. The growing U.S. trade conflict with China (by far the biggest emerging economy) helped spark a bear-market-sized decline in the Shanghai Composite Stock Market Index over the last seven months.
as of 08.15.18
Going Deep in the Name of Due Diligence
Stabilization of the U.S. dollar, progress on trade agreements and signs of a recovery in the emerging markets all contributed to solid returns for the month.
Daniel P. Delany, CFA
Matt Scherer, CFA
Portfolio Manager and Analyst, Equities
Customized portfolios that focus on intermediate-duration, investment-grade municipal and taxable bonds with a heavy emphasis on credit quality.
Our actively managed fixed income strategy integrates bond market expertise into CIBC Private Wealth Management’s overall wealth management philosophy:
The Intermediate Bond strategy's objective is to balance capital preservation, income generation and growth of principal. The strategy invests in investment-grade corporate bonds, mortgage-backed securities, taxable municipal bonds and U.S. government securities. The strategy delivers a core portfolio for investors looking for investment-grade fixed income exposure.
The Tax-Exempt Municipal Bond strategy was developed to allow capital preservation and the generation of federally tax-exempt income. Our team accomplishes this by incorporating credit analysis, geographic exposure and bond structure to determine the suitability. This tax-free fixed income portfolio is structured to emphasize stability with minimal credit or interest rate risk.
The Total Return Bond strategy's objective is to produce superior long-term performance relative to the Barclay's Aggregate Bond Index. The strategy utilizes an actively managed total return approach that invests in a diversified portfolio of fixed income instruments including high-yield fixed income securities. The flexible mandate allows for strategy sector allocations, tactical yield curve positioning and bottom-up security selection.
as of 11.08.18
FOMC Leaves Rates Unchanged
The Federal Reserve left the target range for short-term rates at 2.00% - 2.25%. Markets had placed very low odds of a move at this month's meeting.
as of 08.28.18
What Makes Variable Rate Demand Notes Stand Out?
In general, VRDNs have three key characteristics that distinguish them from other municipal bonds: they have variable rates, they come with a put option, and they often have liquidity and credit support from a third-party financial institution.
as of 08.14.18
Understanding Premium Bonds
As a long-term investor, you may choose to include fixed income in your investment portfolio for a variety of reasons, such as capital preservation, income generation, or a combination of both.
Timothy Musial, CFA
Portfolio Manager, Fixed Income
Alternative strategy that seeks to reduce overall portfolio risk through diversified hedged strategies with low correlations to traditional asset classes.
as of 03.30.17
What Is Artificial Intelligence and Why Should Investors Care?
Artificial intelligence is one of the most exciting and transformative opportunities on the horizon.
Q1 2017 Edition
Forget what you may have learned in calculus—that an inflection point is the point where the direction of a curve changes. Instead, think of inflection point's other definition: a time of significant change in a situation; a turning point after which a dramatic change is expected to result.
Jigar Patel, CFA
Co-Manager, Hedge Funds
Ohm Srinivasan, CFA
CIBC Private Wealth Management's investment research team also includes a seasoned group of portfolio managers and analysts focused on energy infrastructure, including Master Limited Partnerships (MLPs).
as of 07.23.18
FERC Final Ruling - Incrementally Positive for MLPs
On July 19th, the Federal Energy Regulatory Commission (FERC) issued a final ruling as a follow-up to its announcement on March 15th that had caused significant weakness across the MLP sector. The final ruling was a positive development for the sector.
as of 03.16.18
FERC Ruling Impacts MLPs
The MLP and broader pipeline sector was negatively impacted by actions at the Federal Energy Regulatory Commission (FERC) in March. We will learn much more in coming days and weeks; in the meantime, here is a general summary of what was announced and the implications.
as of 06.01.17
Simplification: A Positive Change for MLP Industry, Investors
Adam Karpf, CFA, portfolio manager for CIBC Private Wealth Management, discusses the MLP sector's current trend toward simplification in an article he bylined for Streetwise Reports.
Adam R. Karpf, CFA
Co-Manager, Energy Infrastructure Strategy
Paul M. McPheeters, CFA
In the News
Dave Donabedian joins 'Power Lunch' to discuss markets amid trade and Fed rate hike concerns.
Watch video (4:20)
Meet Our Team
Our Investment Team brings advanced expertise and years of experience to the management of our proprietary and external investment strategies.
Questions About Our Firm
Denise Whennen, CFP®
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