Scotia Asset Management L.P. has launched six new mutual funds, including four new core mandates to Scotia Corporate Class Funds and two new mutual fund trusts to ScotiaFunds.
The four corporate class funds are Scotia Fixed Income Blend Class, Scotia Canadian Equity Blend Class, Scotia U.S. Equity Blend Class and Scotia International Equity Blend Class. Each of these funds comprises a diversified mix of mutual funds from a single asset class using ScotiaFunds, Dynamic Funds, Scotia Private Pools and CI Investments.
The other two funds, Scotia Selected Income Portfolio and Scotia U.S. Dividend Fund, are the latest additions to ScotiaFund investment solutions.
The income-focused mandate targets a 75% allocation to income-yielding investments, which includes allocations to corporate and high yield bonds, real estate and infrastructure investments. The U.S. dividend fund is managed by Alan Radlo, portfolio manager and chief investment officer at CI Global Investments Inc., a wholly owned subsidiary of CI Investments Inc.