ScotiaFunds has announced the launch of Scotia INNOVA Portfolios Class T, a managed income solution for investors with non-registered assets exceeding $50,000.

Scotia INNOVA Portfolios Class T combine consistent monthly cash flow and the potential for greater tax efficiency with the same exclusive investment management and comprehensive diversification of ScotiaFunds’ Scotia INNOVA Portfolios.

“ScotiaFunds continues to broaden our product offerings with customized solutions for a wide range of investors,” says Glen Gowland, president and CEO, Scotia Asset Management.

“Scotia INNOVA Portfolios Class T address the growing need for predictable distributions for investors nearing or in retirement. With interest rates at historical lows, the portfolios offer investors regular income that might otherwise be difficult to achieve in today’s low interest rate environment.”

Scotia INNOVA Portfolios Class T provide investors access to three portfolios each with a distinct target monthly distribution:

• Scotia INNOVA Income Portfolio Class T;
• Scotia INNOVA Balanced Income Portfolio Class T; and
• Scotia INNOVA Balanced Growth Portfolio Class T.

The cash flow strategy of each Class T Portfolio is aligned against its growth potential in order to better sustain investors’ long-term cash flow needs.

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