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

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/January2023/27/c6422.html

Scotia Global Asset Management honoured to receive 25 awards at 2022 FundGrade A+® Awards