TORONTO, Feb. 6, 2017 /CNW/ - Effective February 1, 2017, Global Growth Assets Inc. "GGAI" announces that they have filed an Undertaking with the Ontario Securities Commission. The Undertaking allows the Portfolio Managers engaged by GGAI to now invest income earned by its registered education savings plan products, namely the Legacy Education Savings Plan (LESP) and the Advanced Education Savings Plan (AESP), in Exchange Traded Funds (ETFs) and Exchange-traded equity securities (Equity Securities) listed on a stock exchange in Canada.
ETFs are used to provide diversification, flexibility, and liquidity by replicating the performance of specified widely quoted market indices of Canadian or U.S. equity securities. A copy of the full Undertaking has been posted on SEDAR.
Global RESP Corporation and Global Maxfin Investments Inc. are the distributors of the Legacy Education Savings Plan (LESP and the Advanced Education Savings Plan (AESP). The LESP is designed for clients looking to maximize their education savings investment and who prefer a structured, disciplined approach to investing and saving.The AESP is designed for families that are committed to saving for their children's education but are looking for a more flexible contribution schedule, and no up-front sales charges. Both plans are offered by full prospectus only.
About Global Growth Assets Inc.
Global Growth Assets is the Administrator and Investment Fund Manager for the Advanced Education Savings Plan and the Legacy Education Savings Plan, which has over $1 billion in pledged contributions and over $665 million in assets under administration. GGAI also manages over $34 million in mutual fund assets through Global Iman Fund, an ethical fund that provides investors with long-term growth by investing in a diversified portfolio of global investments that are in accordance with Shariah rules. – The Iman Fund is available through an assortment of distribution channels including financial planners, investment dealers, and mutual fund dealers. For more information, visit www.globalgrowth.ca.
Global Growth Assets Inc. is part of the Global family of companies, one of Canada's leading financial institutions and is registered as an Investment Fund Manager.
SOURCE Global Growth Assets Inc.
For further information: David Prestwich, Chief Executive Officer, Global Growth Assets Inc. at 1-866-680-4734 or firstname.lastname@example.org