Scotia Global Asset Management announced enhancements to the Scotia Essentials Portfolios that will increase ETF exposure, broaden access to active and index-tracking ETF strategies, and lower management fees across select series. The portfolios will be renamed Scotia Essentials ETF Portfolios effective on or about October 30, 2026, with the Income, Balanced, Growth and Maximum Growth portfolios each adding ETF to their names. Direct ETF exposure in each portfolio is expected to increase to a minimum of 51% of net assets by March 31, 2027, while investment objectives, target asset mixes and risk profiles remain unchanged. Management fee reductions take effect on or about November 1, 2026, including a cut to 1.50% from 1.60% for Series A and T of the Growth ETF Portfolio and to 1.55% from 1.70% for Series A and T of the Maximum Growth ETF Portfolio, along with reductions for Series F and FT units across the Income, Balanced, Growth and Maximum Growth ETF Portfolios. Separately, the Scotia Partners Portfolios and Corporate Class Partners Portfolios will close to new investors effective October 30, 2026, and the risk ratings for Scotia Wealth Credit Absolute Return Pool and Dynamic Credit Absolute Return Fund change from Low to Medium to Low effective September 25, 2026.
Bank of Nova ScotiaScotiabank's asset-management arm cuts management fees on select Scotia Essentials ETF Portfolios and renames them, a fee/valuation event for its fund lineup.
