TORONTO, May 30, 2025
/CNW/ - Scotia Global Asset Management today announced a series of
changes to select ScotiaFunds.
Management Fee Reductions
Scotia Global Asset Management is reducing the management fees
for the following Scotia Index Funds (Series F), effective
immediately:
|
Fund
Name
|
New
Fee
|
|
Scotia Canadian Bond
Index Fund
|
0.10 %
|
|
Scotia Canadian Equity
Index Fund
|
0.15 %
|
|
Scotia International
Equity Index Fund
|
0.15 %
|
|
Scotia U.S. Equity
Index Fund
|
0.15 %
|
Risk Rating Changes
The following risk rating changes are being made effective
immediately:
|
Fund
|
Current
Rating
|
New
Rating
|
|
Scotia Global Equity
Fund
|
High
|
Medium to
High
|
|
Scotia Wealth Canadian
Small Cap Pool
|
Medium
|
Medium to
High
|
|
Scotia Wealth North
American Dividend Pool
|
Low to
Medium
|
Medium
|
These risk rating changes are based on the standardized risk
classification methodology mandated by the Canadian Securities
Administrators and an annual review conducted by Scotia Global
Asset Management to determine the risk level of
the ScotiaFunds. There is no change to the investment
objectives or the strategies of the Funds associated with the new
risk ratings.
For more information about ScotiaFunds,
visit scotiafunds.com
Commissions, trailing commissions, management fees and expenses
may be associated with mutual fund investments. Please read the
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. Series A units are available
for purchase to all investors, while Series F units are only
available to investors who participate in eligible fee-based or
wrap programs with their registered dealers. Differences in
performance between these series are primarily due to differences
in management fees and fixed administration fees. Performance
results for Series F units may also appear higher than for Series A
units as the management fee does not include the trailing
commission.
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, ETFs, liquid alternative mutual
funds, private asset funds and customized investment solutions for
institutions and managed asset programs. For more information,
please visit www.scotiagam.com.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner and deliver sustainable, profitable growth. Guided by our
purpose: "for every future," we help our clients, 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 assets of
approximately $1.4 trillion (as at January 31,
2025), Scotiabank is one of the largest banks in North
America by assets, and trades on the Toronto Stock Exchange
(TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more
information, please visit www.scotiabank.com and follow
us on X @Scotiabank.
SOURCE Scotiabank
