CIBC expands CDR lineup on Cboe Canada

CIBC has unveiled a brand new Canadian Depositary Receipt (CDR), increasing its lineup on Cboe Canada.  

This addition will increase the full variety of CDRs provided by CIBC to 55, following their introduction over two years in the past.   

CDRs supply Canadian traders an accessible approach to put money into a number of the world’s largest firms utilizing Canadian {dollars}. They’re out there at a fraction of the price of the unique share value of the underlying reference shares and embody a built-in notional foreign money hedge.  

This function permits traders to buy U.S.-listed shares at an reasonably priced price whereas additionally decreasing the foreign money danger that comes with world investing.   

The newly listed CDR is as follows, together with its Cboe Canada ticker image:   

This new CDR joins the intensive vary of choices already out there for buying and selling on Cboe Canada.