Scotia Securities Inc. today announced an overhaul of its $3.7 billion Scotia Partners Portfolios program.
The four specially designed portfolios offer broad diversification to investment mandates from seven of the top investment management firms in Canada.
“We have had great success with our Scotia Partners Portfolios over the past five years, which provides us with the scale that enables us to deepen our exposure to the wide variety of expertise offered across our partner firms,” says Glen Gowland, managing director and head of mutual funds and president and CEO of Scotia Securities Inc. “This new approach will allow us to improve the risk and return potential for investors.”
The revamped Partners Portfolios will slightly increase the exposure to equities and global markets, as well as introduce specialized asset classes. As a result, each portfolio will now also hold more funds.
“It is important that we continually revisit and re-assess our investment offerings and look for ways to improve them,” says Gowland. “We wanted to capitalize on the success we have had with our four Scotia Partner Portfolios to provide a more tailored approach to the investment mandate.”
Scotia Partners Portfolios’ fund-of-funds structure allows investors to make a single fund purchase to gain access to a diversified portfolio of funds from some of Canada’s most prominent mutual fund companies. Each Scotia Partners Portfolio has a target weighting by asset class and fund allocation that will be maintained on an ongoing basis.
The four portfolios, which feature a minimum investment of $5,000, are:
> Scotia Partners Income & Modest Growth Portfolio;
> Scotia Partners Balanced Income & Growth Portfolio;
> Scotia Partners Moderate Growth Portfolio; and
> Scotia Partners Aggressive Growth Portfolio.
Scotia Partners Portfolios mutual funds revamped
- By: IE Staff
- June 2, 2008 June 2, 2008
- 09:10