TORONTO, ONTARIO (January 27, 2020) – C.S.T. Spark Inc. (CSTS) is pleased to report a 10.4 % rate of return after fees for the CST Bright PlanTM for the fiscal year ending October 31, 2019. Initially offered in May 2018, CST Bright PlanTM is professionally managed and invested in a pool of exchange-traded funds with a goal of reducing risk while maximizing returns. Assets for all CST RESPs sponsored by the Canadian Scholarship Trust Foundation rose to a combined amount of over $5.2 billion as of the fiscal year end.
“We are pleased with our Plan’s investment performance,” said Brad Norris, Vice President, Investments at CST Spark Inc. “In 2019, performance was led by strong returns in both equity and fixed income markets. What’s unique to CST Bright PlanTM is its broad diversification and age-based rebalancing offering our customers additional risk management benefits while protecting principal and providing an exceptional return. We look forward to another bright year ahead!”
CST Bright PlanTM asset allocation – child age: 7 years old illustration only
Additional performance information can be found within the CST Bright PlanTM Management Report on Fund Performance.
For more information about CST Bright PlanTM, please visit www.cstspark.ca
About C.S.T. Spark Inc.
Launched in 2018, CST Spark Inc. is a digital-first education savings company dedicated to helping Canadians plan to make post-secondary education possible. CST Spark makes it easy to start saving for your child's bright future. CST Spark was launched to further expand the vision and deliver upon the CST mission. CST Spark is the distributor and Investment Fund Manager of CST Bright PlanTM.
For more information, visit cstspark.ca.
About the Canadian Scholarship Trust Foundation
Founded in 1960, the Canadian Scholarship Trust Foundation is a not-for-profit foundation dedicated to helping Canadian families save for their children's post-secondary education. In addition to its focus on education savings, the Foundation rewards hard working and community minded Canadian students through scholarships, bursaries and awards programs - with more than $2 million awarded since CST began. Through innovation, advocacy and by sponsoring the Canadian Scholarship Trust Plans that families use to save for their children's post-secondary education, CST continues to deliver upon its mission. CST has helped nearly 800,000 beneficiaries achieve their post-secondary dreams and manages over $5.2 billion in assets.
The Canadian Scholarship Trust Foundation and its subsidiaries operate under the master brand name CST.
For more information, visit foundation.cst.org.