A mutual fund pools money from many different investors and invests the money in stocks, bonds, short-term money market instruments, or a combination of these.
Why invest in mutual funds?
Mutual funds offer you three key benefits: professional money management, diversification and accessibility.
Professional Money Management
Professional portfolio managers are trained to make investment decisions. They also have access to up-to-the-minute information on trends in the financial markets, and in-depth data and research on potential investments.
Because your money is pooled with that of other investors, a mutual fund offers diversification into many securities that may not have otherwise been available to you.
Mutual funds have many benefits, but it's important to remember that an investment in a mutual fund is not guaranteed. Unlike bank accounts or guaranteed investment certificates, mutual fund units aren't covered by the Canada Deposit Insurance Corporation or any other government insurer and your investment in the ScotiaFunds is not guaranteed by Scotiabank.
Need help choosing the right mutual fund?
Visit your local branch to speak to one of our advisers or call 1-800-268-9269 to find a branch and advisor near you.