Posted on 28/08/08
Scotiabank buys one-third of new China fund firm
Bank of Nova Scotia says it will pay $15-million (U.S.) for 33 per cent of a new mutual fund company in China that will be formed with the Bank of Beijing. The new joint venture, Bank of Beijing Scotiabank Asset Management Co. Ltd., will market mutual funds to retail and institutional customers through the Chinese bank's national branch network. BNS (TSX) rose $1.05 (Canadian) to $47.50.
The full text of this article has 71 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
