Toronto-based Bank of Nova Scotia announced on Tuesday that the investment objective of Scotia US$ Bond Fund will change on Sept. 4.

The new investment objective will read:

“The fund’s objective is to provide a high level of interest income. It invests primarily in bonds and treasury bills that are denominated in U.S. dollars and are issued by governments, corporations or supranational entities around the world.”

The change was approved by unitholders on Aug. 27.

ScotiaFunds are managed by 1832 Asset Management LP in Toronto.