The latest in funds and investments in North America.

CIBC
CIBC Asset Management has launched the CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund.

The fund invests in alternative asset classes and strategies such as currencies, commodities and factor-based strategies, in addition to traditional global asset classes.

Investors can hold the fund in registered and non-registered accounts, with a $500 initial minimum investment.

State Street
State Street Global Advisors, the asset management business of State Street Corporation, has launched the SPDR Kensho New Economies Composite ETF (KOMP), SPDR Kensho Clean Power ETF (XKCP) and SPDR Kensho Final Frontiers ETF (XKFF). 

The new exchange-traded funds, which track proprietary index methodologies developed by Kensho Technologies, are designed to provide investors with access to the growth of companies considered to breaking new boundaries in the economy. 

KOMP seeks to track an index that combines sixteen qualifying new economy industries, ranging from 3D printing to genetic engineering, to provide investors access to a comprehensive and diversified set of companies propelling the new economy.

XKFF seeks to provide exposure to the commercialization of space and deep sea travel and exploration, while XKCP seeks to provide exposure to the clean power industry both in terms of generation and the underlying technology driving it.