Scotia simplifies and reduces fees

Toronto-based ScotiaFunds, a unit of Bank of Nova Scotia, has simplified and reduced its pricing for 51 mutual funds. As part of the change, ScotiaFunds now offers four distinct pricing levels for its fixed-income, equity income/dividend income, balanced and equity funds. No longer will there be a premium price within a category for specialty, foreign or focused portfolio mandates. The simplified approach to pricing enables unitholders to understand the cost of investments better while saving money on fees and making their investments go further, according to a statement from Neil Macdonald, managing director, ScotiaFunds. ScotiaFunds-branded funds are managed by 1832 Asset Management LP.

(fcollie@investmentexecutive.com).