TORONTO, Feb. 2, 2024
/CNW/ - Scotia Global Asset Management's investment teams were
recognized with 21 awards at the annual FundGrade A+ Awards. These
awards are presented by Fundata Canada Inc. to investment funds and
their managers who have shown consistent, outstanding,
risk-adjusted performance throughout the year.
"We are pleased to be recognized again this year for the
exceptional results our investment teams achieved for our clients,
across multiple brands, investment vehicles and asset classes,"
said Neal Kerr, Head, Scotia Global
Asset Management.
Scotia Global Asset Management's award-winning mutual funds and
ETFs for 2023 are:
FundGrade A+
Winner
|
CIFSC
category
|
Number
of
funds in
the
category
|
FundGrade
Start
Date
|
Dynamic Active Canadian
Dividend ETF (DXC)
|
Canadian Dividend
&
Income
Equity
|
258
|
2018-01-31
|
Dynamic Active
Investment Grade Floating Rate ETF (DXV)
|
Canadian Short Term
Fixed
Income
|
161
|
2019-01-31
|
Dynamic Active
Preferred Shares ETF (DXP)
|
Preferred Share
Fixed
Income
|
45
|
2018-01-31
|
Dynamic Active Tactical
Bond ETF (DXB)
|
Canadian Fixed
Income
|
311
|
2018-01-31
|
Dynamic
Active Credit Strategies Private
Pool
|
Multi-Sector Fixed
Income
|
139
|
2016-01-31
|
Dynamic Advantage Bond
Fund
|
Canadian Fixed
Income
|
311
|
2014-01-31
|
Dynamic Canadian
Dividend Fund
|
Canadian Dividend
&
Income
Equity
|
258
|
2014-01-31
|
Dynamic
Conservative Yield Private
Pool
|
Global Fixed
Income
Balanced
|
488
|
2016-01-31
|
Dynamic Global Yield
Private Pool
|
Global Neutral
Balanced
|
888
|
2016-01-31
|
Dynamic
Investment Grade Floating Rate
Fund
|
Canadian Short Term
Fixed Income
|
161
|
2014-01-31
|
Dynamic North American
Dividend Private Pool
|
North American
Equity
|
76
|
2016-01-31
|
Dynamic Preferred Yield
Class
|
Preferred Share
Fixed
Income
|
45
|
2014-01-31
|
Dynamic Premium
Balanced Private Pool Class
|
Tactical
Balanced
|
194
|
2019-01-31
|
Dynamic Premium Yield
PLUS Fund
|
Alternative Equity
Focused
|
61
|
2019-01-31
|
Dynamic Tactical Bond
Private Pool
|
Canadian Fixed
Income
|
311
|
2016-01-31
|
Dynamic U.S. Balanced
Class
|
Global Equity
Balanced
|
704
|
2014-01-31
|
Dynamic U.S. Strategic
Yield Fund
|
Global Equity
Balanced
|
704
|
2014-01-31
|
Scotia Canadian
Balanced Fund
|
Canadian Neutral
Balanced
|
250
|
2014-01-31
|
Scotia Diversified
Balanced Fund*
|
Tactical
Balanced
|
194
|
2014-01-31
|
Scotia Nasdaq Index
Fund**
|
U.S. Equity
|
794
|
2014-01-31
|
Scotia U.S. Equity
Fund
|
U.S. Equity
|
794
|
2014-01-31
|
The FundGrade
calculation date for the awards is December 31, 2023.
|
*Scotia Diversified
Balanced Fund is sub-advised by Connor, Clark & Lunn Investment
Management.
|
**Scotia Nasdaq Index
Fund is sub-advised by State Street Global Advisors,
Ltd.
|
About Scotia Global Asset
Management
Scotia Global Asset Management includes 1832 Asset Management
L.P., a limited partnership, the general partner of which is wholly
owned by Scotiabank. Scotia Global Asset Management offers a range
of wealth management solutions, including mutual funds, ETFs, and
investment solutions for private clients, institutions and managed
asset programs.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, their families and their communities
achieve success through a broad range of advice, products and
services, including personal and commercial banking, wealth
management and private banking, corporate and investment banking,
and capital markets. With assets of approximately $1.4 trillion (as at October 31, 2023), Scotiabank trades on the
Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit
http://www.scotiabank.com and follow us on X @Scotiabank.
About the Fundata FundGrade
A+® Awards
FundGrade A+® is used with permission from
Fundata Canada Inc., all rights reserved. The annual FundGrade
A+® Awards are presented by Fundata Canada Inc. to
recognize the "best of the best" among Canadian investment funds.
The FundGrade A+® calculation is supplemental to
the monthly FundGrade ratings and is calculated at the end of each
calendar year. The FundGrade rating system evaluates funds based on
their risk-adjusted performance, measured by Sharpe Ratio, Sortino
Ratio, and Information Ratio. The score for each ratio is
calculated individually, covering all time periods from 2 to 10
years. The scores are then weighted equally in calculating a
monthly FundGrade. The top 10% of funds earn an A Grade; the next
20% of funds earn a B Grade; the next 40% of funds earn a C Grade;
the next 20% of funds receive a D Grade; and the lowest 10% of
funds receive an E Grade. To be eligible, a fund must have received
a FundGrade rating every month in the previous year. The FundGrade
A+® uses a GPA-style calculation, where each
monthly FundGrade from "A" to "E" receives a score from 4 to 0,
respectively. A fund's average score for the year determines its
GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade
A+® Award. For more information, see
www.FundGradeAwards.com. Although Fundata makes every effort to
ensure the accuracy and reliability of the data contained herein,
the accuracy is not guaranteed by Fundata. FundGrade ratings are
subject to change every month. For standard performance data of the
funds listed above, click here.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments, including
ETFs. Please read the prospectus before investing. The
indicated rates of return are the historical annual compounded
total returns including changes in unit value and reinvestment of
all distributions and do not take into account sales, redemption,
distribution or optional charges or income taxes payable by any
unitholder that would have reduced returns. Mutual funds and ETFs
are not guaranteed, their values change frequently, and past
performance may not be repeated.
SOURCE Scotiabank