ScotiaFunds has launched a new managed portfolio program to offer investors with assets exceeding $50,000 more sophisticated investment management services, the company announced on Monday.

The new program, Scotia INNOVA Portfolios, includes five portfolios, each with a strategic allocation to individual investment funds from Scotia Cassels Investment Counsel Private Client funds and the Pinnacle Program funds.

The portfolios include the Income Portfolio, Balanced Income Portfolio, Balanced Growth Portfolio, Growth Portfolio and Maximum Growth Portfolio.

“With continued volatility in the marketplace, we believe Scotia INNOVA Portfolios offer investors strong potential for return, accompanied by strong downside risk protection,” said Glen Gowland, president and CEO of ScotiaFunds.

“Scotia INNOVA Portfolios offer greater sophistication, unparalleled diversification and simple execution,” added Gowland.

ScotiaFunds are available through domestic Scotiabank branches, ScotiaMcLeod Direct Investing, ScotiaMcLeod, as well as investment dealers, independent brokers, advisors and financial planners.

Under the ScotiaFunds name, Scotia Securities Inc.provides a broad range of 32 mutual funds and 21 professionally managed portfolios.

IE