Mutual fund assets increased by 2.3% in spite of slow sales
The new fund would invest primarily in a diversified portfolio of global fixed income securities
ASIC hopes for new enforcement powers to speed up remediation efforts
The fund seeks to replicate the returns of high-conviction hedge funds
The Scotia Latin America and Pacific Rim funds would fold into the international equity fund
The firm is the latest to make use of regulatory changes to offer alternative strategies
The firm says the three new funds offer diversification and lower correlation to the markets
Bond sales were up while balanced funds saw redemptions
Infrastructure fund to transition to a multi-manager structure with a new investment objective and name
The changes will take place beginning in April