TORONTO, Oct. 20, 2015 /CNW/ - C.S.T. Consultants Inc. is pleased to announce changes to the portfolio managers of the Canadian Scholarship Trust Plans.
Effective October 20, 2015, CIBC Asset Management Inc., CGOV Asset Management, and Sionna Investment Managers Inc. will join TD Asset Management Inc., Greystone Managed Investments Inc., BMO Asset Management Inc., BlackRock Asset Management Canada Limited, and Canso Investment Counsel Ltd. in assuming portfolio manager duties for the Canadian Scholarship Trust Plans.
The objective of this change is threefold; to improve diversification within the portfolio, reduce overall investment management fees, and lastly, potentially enhance plan yields. At the same time, our commitment to delivering a low risk approach, hassle free investing, principal preservation and reasonable returns, remains in place.
"These portfolio managers have a proven track record across a multitude of fixed income strategies, and/or Canadian equity management; this change will allow us to maintain our low risk approach, provide an opportunity for higher returns, offer up lower fees while remaining committed to the preservation of our client's capital ," said Peter Bethlenfalvy, Chief Investment Officer, C.S.T. Consultants Inc.
For more information about the Canadian Scholarship Trust Plans, please visit www.cst.org.
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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 through Registered Education Savings Plans.
SOURCE CST Consultants
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For further information: Media Contact: Edyta McKay, Manager, Corporate Communications, Tel: 416-445-7377 ext.303, [email protected]