Commenting on the launch of new fund, Scotia Asset Management managing director Neil Macdonald said the firm aims to assist investors growth and preserve their wealth over the long-term.
"With our portfolio management expertise and the strength of ScotiaFunds we can help investors grow their non-registered assets in a tax-efficient manner with Scotia Corporate Class Funds," Macdonald added.
The wealth manager said that managing the impact of taxes on investment returns is a significant concern for many Canadians and Scotia Corporate Class Funds are designed to alleviate their worries.
The fund offers investors tax-deferred switching and rebalancing, the potential for smaller taxable distributions and a means for tax-efficient income investing.
Scotia Corporate Class Funds comprises of Scotia INNOVA Portfolios, ScotiaFunds’ premium portfolio solution, and select stand-alone mandates.
"The ability to access Scotia INNOVA Portfolios through this new corporate class structure allows our clients to manage their entire investment portfolio easily and more effectively."
Under the ScotiaFunds name, the firm offers a wide suite of 41 mutual funds and 27 professionally managed portfolios.
Scotiabank and its affiliates serve around 19 million customers in over 55 geographies globally and offer a broad range of products and services including personal, commercial, corporate and investment banking.
