TORONTO, Nov. 20, 2020 /CNW/ - Scotia Global Asset
Management today announced the launch of a suite of Scotia Low
Carbon Funds, diversified portfolios of high-quality investments
designed to provide a lower carbon intensity than the broader
market:
- Scotia Low Carbon Canadian Fixed Income Fund
- Scotia Low Carbon Global Balanced Fund
- Scotia Low Carbon Global Equity Fund
"At Scotia Global Asset Management, we recognize that
environmental, social and governance considerations are a key
component of delivering long-term value to investors, which is why
we embed them throughout our investment process. Now we have
dedicated strategies for clients who are looking for investment
solutions with a lower carbon footprint," says Neal Kerr, Head, Scotia Global Asset Management
(Canada).
Scotia Low Carbon Canadian Fixed Income Fund is designed to
generate regular income and modest capital gains, with lower carbon
intensity than its benchmark index. Scotia Low Carbon Global
Balanced Fund is designed to generate income and long-term capital
growth, with lower carbon intensity than its benchmark indices.
Scotia Low Carbon Global Equity Fund is designed to provide
long-term capital growth, with lower carbon intensity than its
benchmark index.
The Funds are sub-advised by Jarislowsky, Fraser Limited, an
investment manager acquired by Scotiabank in 2018 that has a
successful track record managing similar mandates. Jarislowsky
Fraser has a history and culture rooted in investment stewardship,
expressed through an adherence to higher-quality investing,
fundamental research, a long-term investment horizon and the
advancement of good governance and sustainable investing.
For more information about these investment options, please
visit http://www.scotiafunds.com/lowcarbon.
ScotiaFunds name changes
Scotia Global Asset
Management also announced name changes to a number of ScotiaFunds,
which were effective November 6,
2020. The name changes, which apply across all existing Fund
series, are:
Current Fund
name
|
New Fund
name
|
Scotia Balanced
Opportunities Fund
|
Scotia Diversified
Balanced Fund
|
Scotia Bond
Fund
|
Scotia Canadian Bond
Fund
|
Scotia Canadian Index
Fund
|
Scotia Canadian
Equity Index Fund
|
Scotia European
Fund
|
Scotia European
Equity Fund
|
Scotia International
Index Fund
|
Scotia International
Equity Index Fund
|
Scotia U.S. Index
Fund
|
Scotia U.S. Equity
Index Fund
|
There is no change to the investment objectives or strategies of
any of these Funds.
Commissions, trailing commissions, management fees and expenses
all may be associated with investments in the funds. Please read
the prospectus before investing. Investments in the funds are not
guaranteed; their values change frequently and past performance may
not be repeated.
About Scotia Global Asset Management
Scotia Global
Asset Management is a business name used by 1832 Asset Management
L.P., a limited partnership, the general partner of which is wholly
owned by Scotiabank. Scotia Global Asset Management offers a range
of wealth management solutions, including mutual funds, and
investment solutions for private clients, institutional clients and
managed asset programs.
About Scotiabank
Scotiabank is a leading bank in
the Americas. Guided by our purpose: "for every future", we
help our customers, their families and their communities achieve
success 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 over 90,000 employees and assets
of approximately $1.2
trillion (as at July 31, 2020), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please visit our
website and follow us on Twitter @ScotiabankViews.
Jarislowsky, Fraser Limited is a wholly owned subsidiary of The
Bank of Nova Scotia.
SOURCE Scotiabank