The mutual fund arm of
The move comes at a time when Canadian regulators are keeping a watchful eye on market timing practices. The series of investigations into corrupt trading practices undertaken by the
Under the fair-value system, the price of a fund is based on what the fund manager believes to be the most accurate information available at the time, rather than on the prices set by markets.
"Fair-value pricing will further strengthen our governance by reducing pricing discrepancies that market timers seek to exploit," Murray Douglas, senior vice-president of CIBC Asset Management, said in a release.
The fund manager is Canada's fifth largest with about $42.5 billion (Canadian) in assets under management.
