As of June 24, 2019 NewGrowth Corp. has gone out of business. NewGrowth Corp. is a closed-ended equity mutual fund launched and managed by Scotia Managed Companies. It invests in the public equity markets of Canada. The fund makes its investments across diversified sectors. It primarily invests in common shares of banks and utility companies. The fund is not actively traded and only trades its portfolio in limited circumstances. NewGrowth Corp was formed in 1925 and is domiciled in Canada.