ScotiaFunds launches conservative income fund

ScotiaFunds is launching a conservative income fund that will invest primarily in a diversified blend of conservative fixed-income products.

The list includes government bonds, residential mortgages and preferred shares of North American companies.

“When compared to traditional bond funds, [this product] aims to provide investors with lower volatility, modest income and the potential for greater capital preservation,” says Neil Macdonald, managing director of ScotiaFunds.

1832 Asset Management will run the fund.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.