TORONTO, April 1,
2024 /CNW/ - Tangerine Investment Management Inc.
(TIMI) has appointed its affiliate, 1832 Asset Management L.P., as
the successor trustee, manager, and portfolio advisor for all
Tangerine Investment Funds, effective today.
Prior to the announcement, 1832 Asset Management L.P. was the
portfolio advisor to the Tangerine Global ETF Portfolios, Tangerine
Socially Responsible Global Portfolios, and the Tangerine Money
Market Fund.
There is no change to the investment objectives, strategies, or
fees of the Tangerine Investment Funds associated with this
appointment.
The Tangerine Investment Fund's portfolio management team,
already registered under 1832 Asset Management L.P., will continue
to advise the Funds, but will surrender their dual portfolio
advisor registrations under TIMI. TIMI will no longer serve as the
investment fund manager or portfolio advisor for Tangerine
Investment Funds and will apply to surrender its firm and
individual registrations. State Street Global Advisors remains the
sub-advisor of the Tangerine Core Portfolios.
Tangerine Investment Funds Limited will continue to be the sole
distributor of the Tangerine Investment Funds. Clients may contact
the Tangerine team at
tangerineinvestmentfunds@tangerine.ca for any additional
information.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual fund securities are not covered
by the Canada Deposit Insurance Corporation or by any other
government deposit insurer. There can be no assurances that the
fund will be able to maintain its net asset value per security at a
constant amount or that the full amount of your investment in the
fund will be returned to you. Past performance may not be
repeated.
About the Tangerine Investment
Funds
Tangerine Investment Funds are managed by 1832 Asset Management
L.P. and are available only by opening an online Investment Fund
Account with Tangerine Investment Funds Limited. These firms are
wholly owned subsidiaries of The Bank of Nova Scotia. Tangerine Investment Funds
Limited is the principal distributor of the Tangerine Investment
Funds.
The Tangerine Investment Funds are comprised of:
- Tangerine Core Portfolios: Tangerine Balanced Income Portfolio,
Tangerine Balanced Portfolio, Tangerine Balanced Growth Portfolio,
Tangerine Dividend Portfolio, Tangerine Equity Growth
Portfolio
- Tangerine Global ETF Portfolios: Tangerine Balanced Income ETF
Portfolio, Tangerine Balanced ETF Portfolio, Tangerine Balanced
Growth ETF Portfolio, Tangerine Equity Growth ETF Portfolio
- Tangerine Socially Responsible Global Portfolios: Tangerine
Balanced Income SRI Portfolio, Tangerine Balanced SRI Portfolio,
Tangerine Balanced Growth SRI Portfolio, Tangerine Equity Growth
SRI Portfolio
- Tangerine Money Market Fund
About Scotia Global Asset
Management
Scotia Global Asset Management® is a business name
used by 1832 Asset Management L.P., a limited partnership, the
general partner of which is wholly owned by Scotiabank. Scotia
Global Asset Management offers a range of wealth management
solutions, including mutual funds, ETFs, liquid alternatives,
private asset funds and customized investment solutions for
institutions and managed asset programs. For more information,
please visit www.scotiagam.com.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, their families and their communities
achieve success through a broad range of advice, products and
services, including personal and commercial banking, wealth
management and private banking, corporate and investment banking,
and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2024), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on X @Scotiabank.
SOURCE Tangerine