CST Consultants Inc. announces 2018 investment returns for customers of its Registered Education Savings Plans

TORONTO, Feb. 14, 2019 /CNW/ - CST Consultants Inc. is pleased to report a 0.9% rate of return after fees for Group Saving Plan 2001("GSP 2001") for the fiscal year ending October 31, 2018. GSP 2001 is CST Consultants' largest Plan offering with approximately $4.1 billion in assets under management. Assets for all CST RESPs, sponsored by the Canadian Scholarship Trust Foundation, rose to a combined amount of $4.8 billion as of October 31, 2018.

"We are pleased with the 2018 performance results," said Brad Norris, Vice President, Investments and Compliance at CST Consultants. "Despite a challenging market environment of rising interest rates and increased equity volatility, we were able to deliver on our primary investment objectives of protecting customer principal while providing a reasonable rate of return over the long-term. We look forward to continuing to help Canadian families save for their post-secondary education."

Additional performance information can be found within the Audited Financial Statements and Management Report of Fund Performance.

For more information about CST RESPs, please visit www.cst.org.  CST RESPs are managed and distributed by C.S.T. Consultants Inc., a wholly-owned subsidiary of The Canadian Scholarship Trust Foundation, a not-for-profit organization that has been helping over 500,000 families save for post-secondary education since 1960.  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 almost $2 million awarded since it 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.

SOURCE CST Consultants

Media Contact: Smriti Kulkarni @ [email protected]

Related Links

www.cst.org