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.