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CIBC Asset Management teams with DoubleLine’s Jeffrey Gundlach to launch new global bond fund

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CIBC Asset Management has launched the Renaissance Flexible Yield Fund, providing Canadian investors with access to a mandate from US bond portfolio manager, Jeffrey Gundlach of DoubleLine.

Renaissance Flexible Yield Fund is a global fixed income solution that leverages tactical allocation and active duration management with the goal of providing investors with attractive potential total return, while aiming to lower volatility. The fund has flexibility to move across multiple fixed income sectors and the portfolio manager may tactically adjust sector weights to capture opportunistic gains from market fluctuations.

"We are delighted to bring this unique fixed-income mandate to Canadian investors on an exclusive basis," says David Scandiffio, President, CIBC Asset Management. "DoubleLine brings a strong reputation of in-depth risk analysis to better position and protect capital for investors."

Gundlach, the chief executive officer of DoubleLine, an independent, employee-owned money management firm based in Los Angeles, is one of the world's foremost bond fund managers and has been named one of Bloomberg Markets magazine's "50 Most Influential" in 2015 and 2012, one of Forbes' "Most Powerful People" in 2014, and "Money Manager of the Year" in 2013 by Institutional Investor.

DoubleLine offers a wide array of investment strategies run by experienced portfolio managers, employing active risk management, in-depth research, and innovative product solutions.

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