Scotiabank is celebrating the first anniversary of the Scotia Young Investors Fund. The fund invests in medium and large size companies around the world recognized by young people, such as entertainment and retail merchandising companies.

Scotiabank says the fund offers adults opening an account in trust for a child more choice and is a great addition in an RESP.

“We want young investors to realize that they can do more than own the video game, they can own the video game company,” said Peter Godsoe, chairman and CEO, Scotiabank. “Our advice to investors of all ages is to invest early, invest regularly, and stay invested.”

As of November 30, the fund was invested 54% in the United States, 24% in Europe, 12% in Japan, 4% in Canada and 6% in short term investments. The top five holdings of the Fund are: Harley-Davidson Inc.; Johnson & Johnson; Nike Inc.; PepsiCo Inc.; and Microsoft Corp.

The fund features a low minimum initial investment of $100 to help young investors start their mutual fund portfolio, and investors can make contributions as low as $25 a month.

The fund is managed by Scotia Cassels Investment Counsel Limited, and available through Scotiabank branches, by telephone, or on the Internet at www.scotiabank.com.