A tax-efficient and investment growth strategy for non-registered assets
TORONTO, July 5, 2012 /CNW/ - Scotia Private Client Group today
announced the launch of Scotia Private Corporate Class Pools - a new
investment solution geared to high net worth Canadians looking to build
wealth by deferring and minimizing the taxes they pay on non-registered
investments. This follows the launch earlier this month of Scotia
Corporate Class Funds, a retail-focused tax-smart solution available
through Scotiabank branches.
"The funds within Scotia Private Corporate Class Pools were specially
selected to meet the needs of our high net worth clients who typically
favour a more conservative investment approach," said Tuula Jalasjaa,
Managing Director and Head, Investment Management Distribution at
Scotia Private Client Group. "Our new offering will form part of an
already strong base of customized solutions that will now include both
tax-efficient fixed income investing and greater flexibility."
Under the management of Scotia Asset Management, each fund within Scotia
Private Client Group Pools will be offered as a separate class of
shares within the corporation. Investors can switch from one class of
shares to another without triggering an immediate taxable event. To
reflect the investment style of high net worth Canadians, fixed income
as well as conservative dividend mandates feature prominently in the
Scotia Private U.S. Equity Class
Scotia Private U.S. Dividend Class
Scotia Private Canadian Equity Class
Scotia Canadian Dividend Class
Scotia Canadian Corporate Bond Capital Yield Class
Scotia Conservative Government Bond Capital Yield Class
Scotia Short Term Yield Class
"Managing the impact of taxes on investment returns is an important
consideration for high net worth Canadians who have maxed out their
RRSP and TFSA limits and have additional taxable wealth," added Ms.
Jalasjaa. "Scotia Private Corporate Class Pools meets the needs of this
investor segment looking for a tax-efficient income investing strategy,
with tax-deferred switching, rebalancing and the potential for smaller
About Scotia Private Client Group
Scotia Private Client Group helps affluent clients become financially
better off by helping them build, preserve and transfer their wealth.
Scotia Private Client Group creates integrated and personalized wealth
management strategies that incorporate investment management, estate
and trust services and private banking.
Scotia Private Client Group consists of private client services from The
Bank of Nova Scotia, The Bank of Nova Scotia Trust Company, Scotia
Asset Management L.P., Scotia Asset Management U.S. Inc., Scotia McLeod
Financial Services Inc., WaterStreet Family Capital Counsel Inc., and
ScotiaMcLeod, a division of Scotia Capital Inc. Scotia Capital Inc. is
a member of the Canadian Investor Protection Fund and the Investment
Industry Regulatory Organization of Canada. For more information,
please visit www.scotiaprivateclientgroup.com.
About Scotia Asset Management
Scotia Asset Management L.P. is wholly-owned, directly and indirectly,
by The Bank of Nova Scotia and is a manager of investment solutions for
private clients, institutional clients, managed asset programs and
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 80,000 employees,
Scotiabank and its affiliates serve some 19 million customers in more
than 55 countries around the world. Scotiabank offers a broad range of
products and services including personal, commercial, corporate and
investment banking. With assets of $660 billion (as at April 30, 2012),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
SOURCE Scotiabank - Products
For further information:
Phone: 416 866 3625