Systematic Investment Plans (SIPs)
A CIBC Wood Gundy SIP is set up to automatically purchase a specific dollar amount of mutual fund shares/units on a pre-determined date, on behalf of the investor.
Systematic Investment Plans are a convenient way for an investor to invest in mutual funds on a consistent basis, as investors can arrange to have a specific dollar amount transferred from their bank account automatically. SIP plans are also an effective way to invest inside or outside an RRSP and to take advantage of the power of compounding. They are also an efficient way to save for a child's future.
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