Scotia Private Client Group Launches Scotia Private Real Estate Income Pool
TORONTO, Nov. 27, 2012 /CNW/ - Scotia Private Client Group today announced the
launch of Scotia Private Real Estate Income Pool. The pool is offered as part
of Scotia Private Client Group's Private Investment Counsel offering and is
suitable for investors seeking income and long-term capital growth through
exposure to the North American real estate market.
"Scotia Private Client Group continues to strategically expand our product
offerings to cater to the needs of high net worth investors," said Tuula
Jalasjaa, Managing Director and Head, Private Client Investments at Scotia
Private Client Group. "Scotia Private Real Estate Income Pool is well
positioned for the current low interest rate environment, offering attractive
yield potential with enhanced diversification and lower volatility."
Scotia Private Real Estate Income Pool is managed by Oscar Belaiche, Vice
President & Portfolio Manager, and co-managed by Tom Dicker, Portfolio
Manager; both members of the award-winning Equity Income Team at GCIC Ltd.
"Real estate investment trusts offer some of the better opportunities to
weather a slowing global economy and dramatic market swings," said Mr.
Belaiche, lead manager for the pool. "The key to REITs is that aging baby
boomers need income in the current environment to fund retirement, and that
will drive demand for companies with predictable cash flow regardless of
whether there are concerns about the market."
Scotia Private Real Estate Income Pool invests in a concentrated portfolio of
North American equity securities, including REITs of businesses that own
and/or operate a wide variety of real estate properties. The Equity Income
team employs a Quality at a Reasonable Price (QUARP(®)) philosophy and uses
strict due diligence measures in determining "best in class" businesses with
solid balance sheets, dominant positions in their respective industry sector
and management holding a significant equity stake.
About Scotia Private Client Group
Scotia Private Client Group helps affluent clients become financially better
off by helping them build, preserve and transfer their wealth. Scotia Private
Client Group creates integrated and personalized wealth management strategies
that incorporate investment management, estate and trust services and private
Scotia Private Client Group consists of private client services from The Bank
of Nova Scotia, The Bank of Nova Scotia Trust Company, Scotia Asset Management
L.P., Scotia Asset Management U.S. Inc., Scotia McLeod Financial Services
Inc., WaterStreet Family Capital Counsel Inc., and ScotiaMcLeod, a division of
Scotia Capital Inc. Scotia Capital Inc. is a member of the Canadian Investor
Protection Fund and the Investment Industry Regulatory Organization of Canada.
For more information, please visit www.scotiaprivateclientgroup.com.
About Scotia Asset Management
Scotia Asset Management L.P. is wholly-owned, directly and indirectly, by The
Bank of Nova Scotia and is a manager of investment solutions for private
clients, institutional clients, managed asset programs and mutual funds.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 81,000 employees, Scotiabank
and its affiliates serve some 19 million customers in more than 55 countries
around the world. Scotiabank offers a broad range of products and services
including personal, commercial, corporate and investment banking. With assets
of $670 billion (as at July 31, 2012), Scotiabank trades on the Toronto (BNS)
and New York Exchanges (BNS). For more information please visit
Diana Hart Scotiabank P: 416-866-7238 E:firstname.lastname@example.org
SOURCE: Scotiabank - Products & Services
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-0- Nov/27/2012 15:00 GMT
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