Scotia Private Client Group Thursday announced the launch of Scotia Private Corporate Class Pools. The new investment pools are geared to high net worth (HNW) Canadians looking to build wealth by deferring and minimizing the taxes they pay on non-registered investments.
Thursday’s announcement follows the launch earlier this month of Scotia Corporate Class Funds, a retail-focused tax-smart solution available through Scotiabank branches.
“The funds within Scotia Private Corporate Class Pools were specially selected to meet the needs of our high net worth clients who typically favour a more conservative investment approach,” says Tuula Jalasjaa, managing director and head, investment management distribution at Scotia Private Client. “Our new offering will form part of an already strong base of customized solutions that will now include both tax-efficient fixed income investing and greater flexibility.”
Under the management of Scotia Asset Management, each fund within the pools will be offered as a separate class of shares within the corporation. Investors can switch from one class of shares to another without triggering an immediate taxable event.
To reflect the investment style of HNW Canadians, fixed income as well as conservative dividend mandates feature prominently in the fund line-up:
- Scotia Private U.S. Equity Class;
- Scotia Private U.S. Dividend Class;
- Scotia Private Canadian Equity Class;
- Scotia Canadian Dividend Class;
- Scotia Canadian Corporate Bond Capital Yield Class;
- Scotia Conservative Government Bond Capital Yield Class; and
- Scotia Short Term Yield Class.