Scotia Securities Inc. on Monday announced the introduction of the Scotia Selected Funds.

The six new funds consist of Scotia Selected Income & Modest Growth Fund, Scotia Selected Balanced Income & Growth Fund, Scotia Selected Conservative Growth Fund, Scotia Selected Conservative Growth RSP Fund, Scotia Selected Aggressive Growth Fund, and Scotia Selected Aggressive Growth RSP Fund.

The new funds use a “fund offunds” structure. Scotia Capital will provide portfolio management services for the six new funds and will be responsible for investing the assets of each of the six funds in a mix of Institutional Class funds chosen from the family of Scotia Mutual Funds and Capital International Funds.

“The Scotia Selected Funds provide diversification across asset classes, geographical regions, investment styles, and specific fund managers,” said Karen Fisher, president and CEO, Scotia Securities Inc., in a news release. “This balanced approach to investing is well suited to clients seeking reduced market volatility despite varying degrees of fixed income and equity exposure.”

The new fund series allows investors to purchase a diversified portfolio of professionally managed mutual funds in a single transaction, with the ability to track the price and performance of the Scotia Selected Funds like any other Scotia fund.

Automatic rebalancing and foreign content monitoring ensure ensure the funds maintain their original target weightings.

The funds require a minimum initial investment of $5,000 per Scotia Selected Fund, with minimum subsequent investments of $50 including Hands Off service any day of the month.