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A Mutual Fund is a pool of savings, contributed by many investors and invested and managed by Investment Advisors in a portfolio of stocks, bonds or other securities. Mutual funds help you execute and plan your finances, and grow your savings, while managing liquidity and risk. The Scotiabank Mutual Funds are managed to the highest international standards and invest solely in international (mostly North American) investments.
The NAVs of the Scotiabank Mutual Funds as of Jul 28, 2010 as follows:
| MUTUAL FUND | NAV |
|---|---|
| Scotiabank Canadian Growth Fund | US$ 2.6789 |
| Scotiabank Global Growth Fund | US$ 1.6834 |
| Scotiabank US Growth Fund | US$ 6.6956 |
| Scotiabank US Dollar Bond Fund | US$ 2.4836 |
| Scotiabank Money Market Fund | US$ 13.0477 |
Scotiabank Mutual Funds provide you with an opportunity to invest in the global economy right from Scotia DBG offices.
Investment objective: To earn interest income and provide liquidity with a high level of safety by investing in high-quality, short-term securities and obligations.
Investment objective: To earn income and provide some potential for capital gains by investing primarily in US Dollar denominated securities and obligations.
Investment objective: Long-term capital growth by investing in securities that comprise the Standard & Poor's 500® Index.
Investment objective: Long-term capital growth by investing in high-quality global securities. Investments may include equities, preferred stocks, debt issues and derivatives.
Investment objective: Long-term capital growth by investing in growth-oriented, high-quality equity securities listed on Canadian stock exchanges.
Scotiabank Mutual Funds trade at Net Asset Value daily |
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| Initial minimum investment in any combination of funds | US$5,000 | US$1,000 * |
| Subsequent minimum investment | US$1,000 | US$100 (monthly) |
*Where a pre-authorized contribution (minimum US$100 per month) is also established.
Our Investment Advisors, who have completed a comprehensive Mutual Funds course taught to International Standards, are available to discuss your needs through our extensive network of branches. Contact us for more information about these products, and how to easily transfer your existing business to Scotia DBG.
* Mutual funds are not insured with the Deposit Insurance Corporation
® Standard and Poor's, S&P and S&P 500 are trademarks of The McGraw-Hill Companies and have been licensed for use by The Bank of Nova Scotia and its subsidiary companies.
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