Scotia introduces suite of ETF portfolios

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Scotia global asset management (yes, there’s no capital g, a, or m for some strange reason) has rolled out its exchange-traded fund (ETF) portfolios.

The underlying ETFs in the Scotia Strategic ETF Portfolios are screened and selected from a broad universe of index tracking, factor-based and actively managed ETFs from Canadian and U.S. providers.

Here’s a rundown of the four ETF portfolios (and the ETFs they own) that began trading on Wednesday:

Scotia Strategic Fixed Income ETF Portfolio (0.45% management fee)

  • 40%: iShares Core Canadian Universe Bond Index ETF (40%)
  • 20%: iShares U.S. IG Corporate Bond Index ETF (CAD-Hedged)
  • 15%: iShares Canadian HYBrid Corporate Bond Index ETF
  • 15%: Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)
  • 10%: Dynamic iShares Active Investment Grade Floating Rate ETF

Scotia Strategic Canadian Equity ETF Portfolio (0.6% management fee)

  • 40%: iShares Edge MSCI Multifactor Canada Index ETF
  • 20%: iShares Core S&P/TSX Capped Composite Index ETF
  • 20%: PowerShares FTSE RAFI Canadian Fundamental Index ETF
  • 10%: BMO Low Volatility Canadian Equity ETF
  • 10%: Vanguard FTSE Canadian High Dividend Yield Index ETF

Scotia Strategic U.S. Equity ETF Portfolio (0.6% management fee)

  • 30.2%: WisdomTree U.S. Quality Dividend Growth Index ETF
  • 25.9%: iShares Edge MSCI Multifactor USA Index ETF (CAD-Hedged)
  • 20.2%: Vanguard U.S. Dividend Appreciation Index ETF
  • 15.4%: iShares Core S&P 500 ETF
  • 10%: PowerShares FTSE RAFI US 1000 Portfolio

Scotia Strategic International ETF Portfolio (0.6% management fee)

  • 40%: iShares Core MSCI EAFE ETF
  • 30%: iShares Edge MSCI Multifactor EAFE Index ETF
  • 15%: First Asset Morningstar International Value Index ETF
  • 10%: PowerShares FTSE RAFI Developed markets ex-U.S. Portfolio
  • 5%: PowerShares FTSE RAFI Emerging Markets Portfolio

By offering fund-of-fund ETFs, Scotia is making it easier to put together a diversified portfolio that’s a lot cheaper than the annual cost of an average mutual fund.

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