ScotiaFunds Expands Investment Options

TORONTO, ON -- (Marketwired) -- 02/04/16 -- ScotiaFunds today announced expanded options for investors seeking greater tax efficiency and regular cash flow from their non-registered assets. The additions include four new Scotia Partners Portfolio Class funds. As well, ScotiaFunds announced today seven new Series T options for income-seeking investors of Scotia Partners trust funds and INNOVA trust funds. ScotiaFunds are managed by 1832 Asset Management L.P.

"Our goal is to help our clients to grow, preserve and draw an income from their wealth over the long term. For many Canadians this includes investments held outside their registered plans," said Neil Macdonald, Managing Director, ScotiaFunds. "The latest additions to Scotia Corporate Class Funds provide investors with additional choice and flexibility to rebalance, reallocate or draw an income from their non-registered investments in a tax smart manner."

Scotia Partners Portfolios strategically blend a diversified mix of mutual funds from some of Canada's prominent investment companies in the convenience of a single investment. More than 200,000 clients, with a combined $8.5 billion in assets under management*, have entrusted Scotia Partners Portfolios to help them achieve their unique investment goals.

The new funds include Series A and Series T options for Scotia Partners Portfolios Class funds and the new Series T options are offered by Scotia Partners Portfolios and Scotia INNOVA Portfolios. Each Scotia Partners Portfolio Class fund is offered as a separate class of shares within the Scotia Corporate Class Fund structure. Investors can switch from one class of shares to another without triggering an immediate taxable event.

                                                                            
                                                           Minimum Initial  
Fund                                                         Investment     
Scotia Partners Balanced Income Portfolio Class (Series        $10,000      
 A and T)                                                                   
Scotia Partners Balanced Growth Portfolio Class (Series        $10,000      
 A and T)                                                                   
Scotia Partners Growth Portfolio Class (Series A and T)        $10,000      
Scotia Partners Maximum Growth Portfolio Class (Series         $10,000      
 A and T)                                                                   
Scotia Partners Income Portfolio (Series T)                    $10,000      
Scotia Partners Balanced Income Portfolio (Series T)           $10,000      
Scotia Partners Balanced Growth Portfolio (Series T)           $10,000      
Scotia Partners Growth Portfolio (Series T)                    $10,000      
Scotia Partners Maximum Growth Portfolio (Series T)            $10,000      
Scotia INNOVA Growth Portfolio (Series T)                      $50,000      
Scotia INNOVA Maximum Growth Portfolio (Series T)              $50,000      
                                                                            

*As at November 30, 2015.

ScotiaFunds are managed by 1832 Asset Management L.P. ScotiaFunds are available through Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod and Scotia iTRADE, which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital Inc. are wholly owned by The Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed or insured by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated.

About 1832 Asset Management L.P.

1832 Asset Management L.P. 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 L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 23 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 approximately 90,000 employees and assets of $856 billion (as at October 31, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankNews.

Caution regarding forward-looking statements

Certain portions of this news release may contain forward-looking statements about ScotiaFunds. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", "target" and similar forward-looking expressions or negative versions thereof. In addition, any statement that may be made concerning future Series T distribution rates is also a forward-looking statement. Forward-looking statements are inherently subject to, among other things, risks and uncertainties, some of which may be unforeseeable. Accordingly, assumptions concerning future economic and other factors may prove to be incorrect at a future date.

Forward-looking statements are not guarantees of future performance, and actual events could differ materially from those expressed or implied in any forward-looking statements made by ScotiaFunds. Any number of important factors could contribute to these digressions.

We encourage you to consider carefully these factors before making any investment decisions and we urge you to avoid placing any undue reliance on forward-looking statements. Further, you should be aware of the fact that ScotiaFunds have no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law. For a complete disclosure record for each of ScotiaFunds, please visit their profiles at www.sedar.com. Securityholders are encouraged to consult with their own tax advisors for advice with respect to the tax consequences of investing in Scotia Partners Corporate Class Portfolios and Series T of Scotia Partners and INNOVA trust funds having regard to their own particular circumstances.

   
    For media enquiries only:
    Debra ChanPublic, Corporate and Government AffairsScotiabank(416) [email protected]

Source: Scotiabank

You May Also Be Interested In

• ROSEN, A LEADING AND TOP RANKED LAW FIRM, Encourages Lifecore Biomedical Inc. f/k/a Landec Corporation Investors to Inquire About Securities Class Action Investigation – LFCR, LNDC
• NorthStar Gaming Announces Extension of Strategic Marketing Agreement and Short-Term Financing from Playtech
• HRT Class Action Notice: Robbins LLP Reminds Stockholders of the Lead Plaintiff Deadline in the HireRight Holdings Corp. Class Action