TORONTO, Jan. 27,
2023 /CNW/ - Scotia Global Asset Management's
investment teams were recognized with 25 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 for the exceptional results our
investment teams achieved for clients across our multiple
investment platforms, particularly during challenging markets,"
said Neal Kerr, Head, Scotia Global
Asset Management (Canada).
Scotia Global Asset Management's award-winning mutual funds and
ETFs for 2022 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
|
271
|
1/31/2018
|
Dynamic Active
Crossover Bond ETF (DXO)
|
High Yield Fixed
Income
|
191
|
1/31/2018
|
Dynamic Active
Preferred Shares ETF (DXP)
|
Preferred Share Fixed
Income
|
50
|
1/31/2018
|
Dynamic Advantage Bond
Fund
|
Canadian Fixed
Income
|
311
|
1/31/2013
|
Dynamic Alternative
Managed Risk Private Pool Class
|
Tactical
Balanced
|
174
|
1/31/2019
|
Dynamic Canadian
Dividend Fund
|
Canadian Dividend &
Income Equity
|
271
|
1/31/2013
|
Dynamic Conservative
Yield Private Pool
|
Global Fixed Income
Balanced
|
465
|
1/31/2016
|
Dynamic Dividend
Fund
|
Canadian Dividend &
Income Equity
|
271
|
1/31/2013
|
Dynamic Global Yield
Private Pool
|
Global Neutral
Balanced
|
950
|
1/31/2016
|
Dynamic International
Dividend Private Pool
|
International
Equity
|
399
|
1/31/2017
|
Dynamic North American
Dividend Private Pool
|
North American
Equity
|
81
|
1/31/2016
|
Dynamic Power Small Cap
Fund
|
Canadian Small/Mid Cap
Equity
|
126
|
1/31/2013
|
Dynamic Precious Metals
Fund
|
Precious Metals
Equity
|
45
|
1/31/2013
|
Dynamic Preferred Yield
Class
|
Preferred Share Fixed
Income
|
50
|
1/31/2014
|
Dynamic U.S. Balanced
Class
|
Global Equity
Balanced
|
735
|
1/31/2013
|
Dynamic U.S. Monthly
Income Fund
|
Global Equity
Balanced
|
735
|
1/31/2014
|
DynamicEdge
Conservative Class Portfolio
|
Global Fixed Income
Balanced
|
465
|
1/31/2013
|
DynamicEdge Growth
Portfolio
|
Global Equity
Balanced
|
735
|
1/31/2013
|
Scotia Canadian
Balanced Fund
|
Canadian Neutral
Balanced
|
290
|
1/31/2013
|
Scotia Canadian
Dividend Fund
|
Canadian Dividend &
Income Equity
|
271
|
1/31/2013
|
Scotia Canadian Equity
Fund
|
Canadian Focused
Equity
|
365
|
1/31/2013
|
Scotia Diversified
Balanced Fund*
|
Tactical
Balanced
|
174
|
1/31/2013
|
Scotia Nasdaq Index
Fund**
|
U.S. Equity
|
836
|
1/31/2013
|
Scotia Resource
Fund
|
Natural Resources
Equity
|
71
|
1/31/2013
|
Scotia Selected Maximum
Growth Portfolio
|
Global Equity
Balanced
|
735
|
1/31/2013
|
The FundGrade
calculation date for the awards is December 31, 2022.
|
*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 is a leading bank in the
Americas. Guided by our purpose: "for every future", we help our
customers, 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 a team of over 90,000 employees and assets of approximately
$1.3 trillion (as at October 31, 2022), 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 Twitter @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