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 provide Canadian traders an accessible technique to spend money on a number of the world’s largest firms utilizing Canadian {dollars}. They’re obtainable at a fraction of the price of the unique share worth of the underlying reference shares and embrace a built-in notional forex hedge.  

This characteristic permits traders to buy U.S.-listed shares at an reasonably priced price whereas additionally lowering the forex threat 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 obtainable for buying and selling on Cboe Canada.