(June 15 – 15:25 ET) – Scotiabank announced today that it will launch Scotia Partners Portfolios on Monday, June 19. The four new Scotia Partners Portfolios will include third party funds.
The four portfolios are made up of 16 funds from seven mutual fund companies: Scotia Securities, AGF Funds Inc., C.I. Mutual Funds Inc., Fidelity Investments, Mackenzie Financial, Templeton and Trimark Investments.
“We believe that the Scotia Partners Portfolios are the best four packages of third party funds available in the Canadian marketplace today. The portfolios are fully diversified across all asset classes and are designed to meet client profiles ranging from conservative to balanced, growth and aggressive growth,” Rob Pitfield, Scotiabank executive vice president, wealth management, said in a press release.
“By working with six of Canada’s leading mutual fund companies, we can offer clients access to a wider range of products, backed by Scotiabank advice and service,” said Pitfield.
The portfolios require a minimum investment of $10,000, and subsequent purchases of $2,500 or more. The portfolios have no front-end or back-end loads and do not add on an administration or asset allocation fee.
-IE Staff