Scotia Securities Inc. announced today the launch of Scotia Partners Portfolios mutual funds. The four portfolios offer asset mixes of proprietary and third party mutual funds to match different investment objectives.
As markets change, the portfolios are rebalanced to maintain the original asset mix.
“Investors are looking for investment alternatives and we’re here to provide them,” said Karen Fisher, CEO and president, Scotia Securities Inc. “Clients can now have peace of mind over their financial decisions since the Scotia Partners Portfolios mutual funds handle the monitoring, rebalancing and adjustments to the mix of underlying assets.”
The 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 mutual fund will have a target weighting by asset class and fund allocation that the portfolio manager, Scotia Capital Inc., will maintain on an ongoing basis.
With a minimum investment of $5,000, investors can choose the Scotia Partners Portfolios fund that best meets their distinct risk profiles and investment objectives. The four funds with their management fees are:
- Scotia Partners Income & Modest Growth Portfolio, 1.95%;
- Scotia Partners Balanced Income & Growth Portfolio – 2.10%;
Scotia Partners Conservative Growth Portfolio – 2.25%; and - Scotia Partners Aggressive Growth Portfolio – 2.45%.
http://www.newswire.ca/releases/December2002/10/c1749.html