(March 1 – 10:20 ET) – ScotiaMcLeod, part of Bank of Nova Scotia’s wealth management division, has announced the launch of a new foreign equity fund called the Pinnacle American Large Cap Growth Equity Fund.

The new fund will be managed by Dresdner RCM Global Investors LLC. ScotiaMcLeod is also launching an RRSP-eligible clone of the fund. Both funds are now being offered through the Pinnacle Program and Summit Program, ScotiaMcLeod’s managed asset programs.

The Summit Program is aimed at investors with portfolios valued at $500,000 or more, and the Pinnacle Program is geared toward investors with portfolios valued at $50,000 or more. Along with the new funds, the programs now offer 18 proprietary mutual funds to investors.

“Pinnacle Program and Summit Program investors can now benefit from increased diversification in U.S. equities by investment style and company size. In their RRSPs, they have an additional opportunity to diversify without exceeding the current 30% foreign content limit,” said Willo Watson, director, portfolio manager, Managed Asset Programs.
-IE Staff