26 Jan, 2018, 13:47 ET
TORONTO, Jan. 26, 2018 /CNW/ - C.S.T. Consultants Inc. (CSTC) is pleased to report a 4.7% rate of return after fees for Group Saving Plan 2001 ("GSP 2001") for the fiscal year ending October 31, 2017. GSP 2001 represents CSTC's largest Plan offering with approximately $4.0 billion in assets under management. Assets for all Canadian Scholarship Trust Plans sponsored by the Canadian Scholarship Trust Foundation rose to a combined amount of $4.7 billion as of October 31, 2017.
"We are very pleased with the 2017 performance results," said Peter Bethlenfalvy, Chief Investment Officer, C.S.T. Consultants Inc. "The ongoing enhancements we've made to the portfolio helped diversify investment risk, improve long-term Plan returns, and lower our overall portfolio management costs. We look forward to another strong year of helping Canadian families save for their post-secondary education."
Additional performance information can be found within the GSP 2001 Management Report on Fund Performance.
For more information about the Canadian Scholarship Trust Plans, please visit www.cst.org.
Canadian Scholarship Trust Plans 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 families save for post-secondary education since 1960.
SOURCE CST Consultants
For further information: Media Contact: Edyta McKay, Manager, Corporate Communications, Tel: 416-445-7377 ext.303, [email protected]
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