Scotia global asset management has launched its Scotia Strategic ETF Portfolios, a suite of single asset class ETF portfolios with multi-discipline, multi-manager diversification.
The following ETF Portfolios have closed their initial offering of units and are now trading on the Toronto Stock Exchange (TSX): Scotia Strategic Fixed Income ETF Portfolio (SFIX); Scotia Strategic Canadian Equity ETF Portfolio (SCAD); Scotia Strategic US Equity ETF Portfolio (SUSA); and Scotia Strategic International ETF Portfolio (SINT).
The Scotia Strategic ETF Portfolios are structured as ETF-on-ETF portfolios. The underlying ETFs are screened and selected from a broad universe of index tracking, factor-based and actively managed ETFs from Canadian and US providers, and are then carefully combined for optimized asset class exposure. The ETF Portfolios offer competitive pricing (management fees range from 0.45 per cent to 0.60 per cent, with no premiums for foreign equity mandates) with the flexibility and transparency of an ETF.
“Canadian investors have long entrusted us with their life savings across a wide spectrum of investment solutions. These new ETF Portfolios will help us more fully serve our diverse client base with a level of flexibility not previously available in the marketplace,” says Glen Gowland, Senior Vice-President and Head, Asset Management at Scotiabank.