TORONTO, Nov. 17, 2021 /CNW/ - Scotia Global Asset
Management's investment teams were recognized with 13 individual
mutual fund and ETF awards across 9 categories at the 2021
Refinitiv Lipper Fund Awards. These awards are granted to
investment solutions "that have excelled in delivering consistently
strong risk-adjusted performance relative to their peers,"
according to Refinitiv, which Scotia Global Asset Management
delivers to its clients across its multiple investment
platforms.
"We are honoured to be recognized at the Refinitiv Lipper Fund
Awards," said Neal Kerr, Head,
Scotia Global Asset Management (Canada). "Congratulations to our investment
teams for delivering these outstanding results to our clients
across our ScotiaFunds and Dynamic Funds brands."
The winning Funds and ETFs are:
Mutual Fund/ETF
name
|
Category
|
Period(s)
recognized
|
Scotia Canadian Small
Cap Fund
|
Canadian Small/Mid
Cap Equity
|
3 and 5
years
|
Dynamic Active
Crossover Bond ETF*
|
High Yield Fixed
Income
|
3 years
|
Dynamic Power
Balanced Fund
|
Canadian Neutral
Balanced
|
3 and 5
years
|
Dynamic Power Global
Balanced Class
|
Global Neutral
Balanced
|
5 years
|
Dynamic Power Global
Navigator Class
|
Global
Equity
|
3 years
|
Dynamic Precious
Metals Fund
|
Precious Metals
Equity
|
3 and 5
years
|
Dynamic U.S. Balanced
Class
|
Global Equity
Balanced
|
3 and 5
years
|
Scotia Diversified Balanced Fund, sub-advised by Connor, Clark
& Lunn Investment Management, also won a 2021 Refinitiv Lipper
Fund Award in the Tactical Balanced category for the 10-year period
and Scotia Nasdaq Index Fund, sub-advised by State Street Global
Advisors, Limited, won a 2021 Refinitiv Lipper Fund Award in the
U.S. Equity category for the 5-year period.
* Dynamic Active Crossover Bond ETF is currently managed by
BlackRock Asset Management Canada Limited (BlackRock Canada) and
invests in a mutual fund managed by 1832 Asset Management L.P.
(1832 L.P.). Subject to obtaining applicable regulatory, stock
exchange and other approvals and satisfaction of the closing
conditions set out in the purchase and sale agreement between
BlackRock Canada and 1832 L.P., 1832 L.P. will become the manager
of this ETF effective on or about December
3, 2021.
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. 1832 Asset Management L.P. is the investment fund
manager of ScotiaFunds® and Dynamic Funds. 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 $1.2 trillion (as at July 31, 2021),
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
@ScotiabankViews.
About the Refinitiv Lipper Fund Awards
The 2021 Lipper Fund Awards were awarded to the following Funds
and ETFs for the following periods ending July 31, 2021, with the following fund count in
the applicable category for each Fund or ETF: Dynamic Active
Crossover Bond ETF – for the three-year period out of a total of 13
ETFs, Dynamic Power Balanced Fund, Series FT – for the three- and
five-year periods out of a total of 58 and 57 funds respectively,
Dynamic Power Global Balanced Class, Series F – for the five-year
period out of a total of 148 funds, Dynamic Power Global Navigator
Class, Series F – for the three-year period out of a total of 219
funds, Dynamic Precious Metals Fund, Series F – for the three- and
five-year periods out of a total of 12 funds in both periods,
Dynamic U.S. Balanced Class, Series F – for the three- and
five-year periods out of a total of 145 and 132 funds respectively,
Scotia Canadian Small Cap Fund, Series F – for the three- and
five-year periods out of a total of 31 funds in both periods,
Scotia Diversified Balanced Fund, Series F – for the 10-year period
out of a total of 14 funds, Scotia Nasdaq Index Fund, Series F –
for the five-year period out of a total of 136 funds. For
standard performance data of the funds listed above, please visit
Dynamic Funds and ScotiaFunds sites.
The Refinitiv Lipper Fund Awards, granted annually, highlight
funds and fund companies that have excelled in delivering
consistently strong risk-adjusted performance relative to their
peers. The Refinitiv Lipper Fund Awards are based on the Lipper
Leader for Consistent Return rating, which is a risk-adjusted
performance measure calculated over 36, 60 and 120 months. The fund
with the highest Lipper Leader for Consistent Return (Effective
Return) value in each eligible classification wins the Refinitiv
Lipper Fund Award. For more information, see lipperfundawards.com.
Although Refinitiv Lipper makes reasonable efforts to ensure the
accuracy and reliability of the data contained herein, the accuracy
is not guaranteed by Refinitiv Lipper.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments, including ETFs.
Please read the prospectus before investing. Mutual funds and
ETFs are not guaranteed, their values change frequently and past
performance may not be repeated.
SOURCE Scotiabank