PR Newswire | Jan 20, 2022 09:02AM EST

01/20 08:00 CST

Scotia Global Asset Management lowering risk ratings on some of its Funds TORONTO, Jan. 20, 2022

TORONTO, Jan. 20, 2022 /CNW/ - Scotia Global Asset Management announced today that the risk ratings for the following funds will be lowered, effective today. These changes are consistent with the investment risk classification methodology required by the Canadian Securities Administrators (CSA). There is no change to the investment objective or strategy of the funds associated with their new risk ratings.

Fund New risk ratingCurrent risk rating

1832 AM Canadian Dividend LP Low to Medium Medium

1832 AM Global Completion LP Low to Medium Medium to High

1832 AM Global Low Volatility Equity LPLow to Medium Medium to High

1832 AM International Equity LP Medium Medium to High

1832 AM Tactical Asset Allocation LP Low to Medium Medium

1832 AM Total Return Bond LP Low Low to Medium

1832 AM U.S. Dividend Growers LP Medium Medium to High

1832 AM U.S. Low Volatility Equity LP Low to Medium Medium to High

A summary of the investment risk classification methodology, investment objectives and strategies of the funds can be found in the funds' simplified prospectus available at www.scotiafunds.com or by contacting us at 1-800-268-9269.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual fund Investments are not guaranteed; their values change frequently and past performance may not be repeated.

About Scotia Global Asset ManagementScotia 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 ScotiabankScotiabank 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 approximately 90,000 employees and assets of approximately $1.2 trillion (as at October 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.

SOURCE Scotiabank