TORONTO, May 30, 2018 /CNW/ - Scotia® global asset management today announced the launch of its Scotia Strategic ETF Portfolios ("the ETF Portfolios") – an innovative suite of single asset class ETF portfolios with multi-discipline, multi-manager diversification. The following ETF Portfolios have closed their initial offering of units and will begin trading on the Toronto Stock Exchange (TSX) when the markets open today:
- Scotia Strategic Fixed Income ETF Portfolio (SFIX)
- Scotia Strategic Canadian Equity ETF Portfolio (SCAD)
- Scotia Strategic U.S. Equity ETF Portfolio (SUSA)
- Scotia Strategic International ETF Portfolio (SINT)
The Scotia Strategic ETF Portfolios are structured as ETF-on-ETF portfolios. The underlying ETFs are screened and selected from a broad universe of index tracking, factor-based and actively managed ETFs from Canadian and U.S. providers, and are then carefully combined for optimized asset class exposure. The ETF Portfolios offer competitive pricing (management fees range from 0.45% to 0.60%, with no premiums for foreign equity mandates) with the flexibility and transparency of an ETF.
"Canadian investors have long entrusted us with their life savings across a wide spectrum of investment solutions. These new ETF Portfolios will help us more fully serve our diverse client base with a level of flexibility not previously available in the marketplace," says Glen Gowland, Senior Vice-President and Head, Asset Management at Scotiabank®.
For more information on these ETF Portfolios, visit http://www.scotiabank.com/etf.
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, Europe and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 89,000 employees and assets of over $926 billion (as at April 30, 2018), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @Scotiabank.
About 1832 Asset Management L.P.
1832 Asset Management offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management is a limited partnership, the general partner of which is wholly owned by Scotiabank.
For further information: For investor relations enquiries, please contact: Adam Borgatti, Vice President, Investor Relations, Scotiabank, 416-866-5042; For media enquiries, please contact: Adam Miller, Canadian Banking Communications, Scotiabank, [email protected], 416-620-7536