TORONTO, June 4, 2012 /CNW/ - Scotia Asset Management L.P. today
announced the launch of Scotia Corporate Class Funds, a tax-smart
solution for retail investors' non-registered assets.
"Our goal is to help investors grow and preserve their wealth over the
long term," said Neil Macdonald, Managing Director, Scotia Asset
Management. "With our portfolio management expertise and the strength
of ScotiaFunds we can help investors grow their non-registered assets
in a tax-efficient manner with Scotia Corporate Class Funds."
Managing the impact of taxes on investment returns is an important
consideration for many Canadians. Scotia Corporate Class Funds are
designed to offer investors tax-deferred switching and rebalancing, the
potential for smaller taxable distributions and a means for
tax-efficient income investing.
Scotia Corporate Class Funds are comprised of Scotia INNOVA Portfolios, ScotiaFunds' premium portfolio solution, and select stand-alone
"The ability to access Scotia INNOVA Portfolios through this new corporate class structure allows our clients to manage
their entire investment portfolio easily and more effectively," added
Each Scotia Corporate Class Fund is 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.
Scotia Corporate Class Portfolio ($50,000 minimum initial purchase)
Scotia INNOVA Income Class
Scotia INNOVA Balanced Income Portfolio Class
Scotia INNOVA Balanced Growth Portfolio Class
Scotia INNOVA Growth Portfolio Class
Scotia INNOVA Maximum Growth Portfolio Class
Stand-Alone Mandates ($10,000 minimum initial purchase)
Scotia Canadian Dividend Class
Scotia Global Dividend Class
Scotia Conservative Government Bond Capital Yield Class
Under the ScotiaFunds name, Scotia Asset Management L.P. provides a
broad range of 41 mutual funds and 27 professionally managed
portfolios. ScotiaFunds are available from Scotia Securities Inc.,
through Canadian Scotiabank branches, ScotiaMcLeod Direct Investing,
ScotiaMcLeod, as well as leading investment dealers, independent
brokers, advisors and financial planners.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the simplified
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be repeated.
The above is for informational purposes only and is not, and under no
circumstances shall be construed as an offering of the funds mentioned
herein or any other securities or as investment advice. Investors
should read the simplified prospectus of the portfolios for information
about the funds' investment objectives, strategies and the risks
associated with an investment in the funds before investing. Investors
should discuss the suitability of the portfolios with their investment
advisor before making any investment decisions.
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.
For further information:
Phone: 416 866 7238