TORONTO, Feb. 14, 2019 /CNW/ - CST Consultants Inc. is pleased to report a 0.9% rate of return after fees for Group Saving Plan 2001("GSP 2001") for the fiscal year ending October 31, 2018. GSP 2001 is CST Consultants' largest Plan offering with approximately $4.1 billion in assets under management. Assets for all CST RESPs, sponsored by the Canadian Scholarship Trust Foundation, rose to a combined amount of $4.8 billion as of October 31, 2018.
"We are pleased with the 2018 performance results," said Brad Norris, Vice President, Investments and Compliance at CST Consultants. "Despite a challenging market environment of rising interest rates and increased equity volatility, we were able to deliver on our primary investment objectives of protecting customer principal while providing a reasonable rate of return over the long-term. We look forward to continuing to help Canadian families save for their post-secondary education."
For more information about CST RESPs, please visit www.cst.org. CST RESPs are managed and distributed by C.S.T. Consultants Inc., a wholly-owned subsidiary of The Canadian Scholarship Trust Foundation, a not-for-profit organization that has been helping over 500,000 families save for post-secondary education since 1960. In addition to its focus on education savings, the Foundation rewards hard working and community minded Canadian students through scholarships, bursaries and awards programs - with almost $2 million awarded since it began. Through innovation, advocacy and by sponsoring the Canadian Scholarship Trust Plans that families use to save for their children's post-secondary education, CST continues to deliver upon its mission.