Bringing you live news and features since 2006 

GGAI provides ETF option for education savings plan income


Global Growth Assets Inc (GGAI) has filed an undertaking with the Ontario Securities Commission which will allow portfolio managers to invest income earned by GGAI’s registered education savings plan products in exchange traded funds (ETFs) and exchange-traded securities.

The education savings plans concerned are the Legacy Education Savings Plan (LESP) and the Advanced Education Savings Plan (AESP).
ETFs are used to provide diversification, flexibility, and liquidity by replicating the performance of specified widely quoted market indices of Canadian or US equity securities. A copy of the full undertaking has been posted on SEDAR.
Global RESP Corporation and Global Maxfin Investments are the distributors of the LESP and AESP.
The LESP is designed for clients looking to maximise their education savings investment and who prefer a structured, disciplined approach to investing and saving.
The AESP is designed for families that are committed to saving for their children's education but are looking for a more flexible contribution schedule, and no up-front sales charges.
Both plans are offered by full prospectus only.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Jigna Gibb, Bloomberg
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and...
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his...
Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by