TORONTO, Jan. 30, 2017 /CNW/ - C.S.T. Consultants Inc. (CSTC) is pleased to report a 6.0% net rate of return for Group Saving Plan 2001 ("GSP 2001") for the fiscal year ending October 31, 2016. GSP 2001 represents CSTC's largest Plan offering with approximately $3.7 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 $4.5 billion as of October 31, 2016.
"We are pleased with this year's performance results, especially given the amount of volatility and uncertainty across markets," said Peter Bethlenfalvy, Chief Investment Officer, C.S.T. Consultants Inc. "Adjustments that we have made to the portfolio in recent years have not only contributed in part to 2016's strong performance, but have also helped improve diversification and reduce overall investment management fees. 2016 was an exceptional year, but our focus is on the long term and the road ahead. Our commitment of providing to our Clients with a low risk approach, hassle free investing, principal preservation and reasonable returns, remains in place."
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 or @CSTConsultants on Twitter or on Instagram @cstconsultants. On Facebook we can be found at www.facebook.com/CSTConsultants/
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 since 1960.
SOURCE CST Consultants
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2017/30/c4650.html
For further information: Media Contact: Edyta McKay, Manager, Corporate Communications, 416-445-7377 ext.303, [email protected]