Bringing you live news and features since 2006 

Scotia Asset Management makes portfolio adviser change


Scotia Asset Management has made a portfolio adviser change to Scotia US Value Fund.

Effective on or about 31 December 2010, Goodman & Company, Investment Counsel will become portfolio adviser to the fund.

The fund, with approximately CAD88m in assets under management, will be managed by Goodman vice-president and portfolio manager David L. Fingold.

Goodman is a Canadian asset management company with more than 50 years of history. The firm offers a range of wealth management solutions including mutual funds, hedge funds, portfolio solutions and flow-through limited partnerships for retail investors, high net worth individuals and institutions.

Goodman is a wholly owned subsidiary of DundeeWealth.

"We are thrilled to partner with Goodman & Company. Goodman & Company is a strategic addition to ScotiaFunds’ already strong line up of portfolio advisers," says Glen Gowland, chief executive officer of Scotia Asset Management.  "A number of Goodman & Company mandates have been a part of our Partners Program since June 2008 so the strength of their investment capabilities is well known to us. We are pleased to be able to extend this capability to Scotia US Value Fund unitholders."

"We are delighted to have the opportunity to apply our award-winning contrarian approach to stock picking in the management of Scotia US Value Fund," adds Fingold.

There will be no change to the investment objective of the fund as a result of the portfolio adviser change.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by