TORONTO, June 2 /CNW/ - Scotia Securities Inc. today announced a
revamping of its $3.7 billion Scotia Partners Portfolios program. The four
specially designed portfolios offer broad diversification to investment
mandates from seven of the top investment management firms in Canada.
"We have had great success with our Scotia Partners Portfolios over the
past five years, which provides us with the scale that enables us to deepen
our exposure to the wide variety of expertise offered across our partner
firms," said Glen Gowland, Managing Director and Head of Mutual Funds and
President and CEO of Scotia Securities Inc. "This new approach will allow us
to improve the risk and return potential for investors."
The revamped Partners Portfolios will slightly increase the exposure to
equities and global markets, as well as introduce specialized asset classes.
As a result, each portfolio will now also hold more funds.
"It is important that we continually revisit and re-assess our investment
offerings and look for ways to improve them," said Mr. Gowland. "We wanted to
capitalize on the success we have had with our four Scotia Partner Portfolios
to provide a more tailored approach to the investment mandate."
Scotia Partners Portfolios' fund-of-funds structure allows investors to
make a single fund purchase to gain access to a diversified portfolio of funds
from some of Canada's most prominent mutual fund companies. Each Scotia
Partners Portfolio has a target weighting by asset class and fund allocation
that will be maintained on an ongoing basis.
With a minimum investment of $5,000, investors can choose the Scotia
Partners Portfolios that best meets their distinct risk profiles and
investment objectives. The four portfolios are:
- Scotia Partners Income & Modest Growth Portfolio
- Scotia Partners Balanced Income & Growth Portfolio
- Scotia Partners Moderate Growth Portfolio
- Scotia Partners Aggressive Growth Portfolio
To find out more about the Scotia Partners Portfolios mutual funds or for
guidance and advice to help you achieve your financial goals, please go to
www.scotiabank.com or visit your Scotiabank branch and speak with an
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 million customers in some
50 countries around the world. Scotiabank offers a diverse range of products
and services including personal, commercial, corporate and investment banking.
With $453 billion in assets (as at April 30, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
For further information:
For further information: Paula Cufre, Scotiabank Public Affairs, (416)