Dynamic Funds

What Dynamic Funds does

Dynamic Funds is a Canadian active asset manager operating as a division of 1832 Asset Management L.P., a wholly owned subsidiary of The Bank of Nova Scotia (Scotiabank). Founded in 1957 in Montreal by Ned Goodman and headquartered in Toronto, the firm manages over $80 billion in assets across 150+ investment solutions spanning mutual funds, exchange-traded funds (Dynamic Active ETFs), liquid alternatives, private investment pools, and portfolio solutions. Its core investment approach is branded Legitimately Active Management®, a registered methodology that emphasizes high active share, concentrated high-conviction portfolios, low R² correlation to benchmarks, and the use of capital-markets tools such as options, hedges, futures, and short-selling. The product set also incorporates proprietary sub-brands including Dynamic Integrated Portfolios, DynamicEdge Portfolios, Private Investment Pools, Liquid Alternatives, and registered trademarks such as QUARP® (Quality at a Reasonable Price) and Paycheque Portfolio™.

The firm operates a multi-channel distribution model. The primary GTM motion is sales-led, routed through independent financial advisors who construct client portfolios using Dynamic's solutions; a complementary direct-to-consumer/self-directed channel distributes Series F mutual funds and active ETFs through major Canadian brokerages including Scotia iTRADE, WealthSimple, CI Direct, RBC Direct Investing, Questrade, TD Direct Investing, CIBC Investors Edge, National Bank, Laurentian Bank, Desjardins, and Interactive Brokers. ETFs are listed on Cboe Canada, and certain mandates are sub-advised by external specialists including Payden & Rygel (global fixed income), Jarislowsky Fraser (emerging market equities, an affiliated Scotiabank subsidiary managing CA$58B), and 3iQ (digital assets for the DXMC crypto ETF).

Revenue is generated almost entirely through management fees and management expense ratios (MERs) on its funds, structured across Series A (retail, ~1.70%-1.85% management fees), Series F (fee-based advisors, ~0.45%-1.25%), and ETF share classes. Recent commercial activity includes the March 2026 launches of the Dynamic Active Multi-Crypto ETF (DXMC, with 3iQ) and the Dynamic Diversified Private Assets Fund for accredited investors, the December 2025 rebrand of the Marquis Investment Program to Dynamic Integrated Portfolios with associated fee reductions, and unitholder-approved mutual-fund mergers within the Marquis Institutional Solutions platform in November 2025. As a non-listed banking subsidiary, financial results are not separately disclosed.

Name

Dynamic Funds

Legal name

1832 Asset Management L.P.

Website

https://dynamic.ca

Company type

Private

Founded year

1957

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Dynamic Funds is a Toronto-based Canadian active asset manager (division of Scotiabank subsidiary 1832 Asset Management L.P.) managing $80B+ across 150+ mutual funds, ETFs, liquid alternatives, and portfolio solutions for retail and accredited investors, distributed through advisors and self-directed brokerages.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Mutual Funds (Active) (FSAAAEAA)

akta.pro secondary industries

Target-Risk / Risk-Managed Allocation Funds (FSAAAEAG), Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

Keywords

• Active asset management
• Mutual fund solutions
• Exchange-traded funds
• Liquid alternatives
• Private investment pools

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Management Fees: Dynamic Funds generates revenue through management fees charged on its mutual funds, ETFs, and investment pools. Fees vary by fund type and series, with Series F typically ranging from 0.45% to 1.25% for management fees, and Series A/Retail series typically ranging from 1.70% to 1.85%.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Dynamic Funds is a Canadian asset manager that builds and sells actively managed investment solutions across mutual funds, ETFs, liquid alternatives, private investment pools, and multi-asset portfolio solutions. The firm applies its proprietary Legitimately Active Management® methodology to construct concentrated, high-conviction portfolios that diverge from benchmark indices and span equities, fixed income, balanced, specialty, and alternative asset classes for Canadian retail, accredited, and advisor-channel investors.

Product overview

Dynamic Funds is a Canadian asset management company and division of 1832 Asset Management L.P. (a subsidiary of Scotiabank) offering a comprehensive suite of actively managed investment solutions. The platform operates as a multi-product architecture comprising: Dynamic Active ETFs (exchange-traded funds combining active management with competitive pricing), Mutual Funds (domestic, international and global funds across all asset classes), Liquid Alternatives (combining mutual fund liquidity with hedge fund flexibility), Private Investment Pools (concentrated portfolios differentiated from benchmarks), and Portfolio Solutions (all-in-one multi-asset strategies including DynamicEdge Portfolios and Dynamic Integrated Portfolios). The product lineup includes specialized offerings such as the Dynamic Active Multi-Crypto ETF (DXMC) in partnership with 3iQ for digital asset exposure, and the Dynamic Diversified Private Assets Fund for accredited investors. With over $80 billion in assets under management and 150+ actively managed investment solutions, Dynamic Funds serves retail and institutional investors through its Legitimately Active Management approach, providing exposure to equities, fixed income, alternatives, and specialty assets across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• Dynamic Active ETFs: Actively managed exchange-traded funds combining competitive pricing with Legitimately Active Management, among the first of their kind in Canada.
• Dynamic Integrated Portfolios
• DynamicEdge Portfolios
• Dynamic Private Investment Pools
• Dynamic Liquid Alternatives
• Legitimately Active Management

Products and services

• Dynamic Active ETFs Exchange-traded funds combining competitive pricing with Legitimately Active Management, offering high-conviction portfolios across equities, fixed income, and alternative assets for retail and self-directed investors.
• Mutual Funds Broad range of domestic, international, and global mutual funds across multiple asset classes, regions, and investment styles, available in Series A (retail) and Series F (fee-based advisor) units.
• Liquid Alternatives Funds combining the liquidity and transparency of mutual funds with the investment flexibility of hedge funds, offering enhanced diversification and risk-adjusted returns independent of traditional markets.
• Private Investment Pools Private investment pools offering diversified yet concentrated portfolios differentiated from benchmarks, with 14 mandates covering a wide spectrum of asset classes.
• Portfolio Solutions All-in-one multi-asset managed strategies including DynamicEdge Portfolios, Dynamic Integrated Portfolios, and Dynamic Active ETF Portfolios.
• Dynamic Active Multi-Crypto ETF (DXMC) Actively managed multi-crypto ETF providing exposure to Bitcoin, Ether, Solana, and XRP, launched in partnership with 3iQ and listed on Cboe Canada.
• Dynamic Diversified Private Assets Fund Evergreen multi-asset, multi-manager investment solution for accredited Canadian investors seeking exposure to private equity, private credit, and private real assets.
• Dynamic Credit Absolute Return Fund Seeks to deliver positive, uncorrelated returns across full market cycles by exploiting long and short opportunities in North American public credit.
• Dynamic Multi-Alternative PLUS Fund Multi-alternative portfolio investing across a wide spectrum of alternative-related asset classes, capturing differentiated return sources and diversified risk premia.
• Dynamic Premium Yield PLUS Fund Alternative portfolio strategy that includes options writing to provide U.S. equity exposure with reduced volatility and systematic downside protection.
• Dynamic Short Term Credit PLUS Fund Fixed income fund generating additional yield with lower volatility provided by shorter-dated bonds.
• Dynamic Premium Balanced Private Pool Class Multi-alternative portfolio providing low volatility U.S. exposure with competitive participation in good markets and systematic risk-reduction in declining markets.
• Dynamic Strategic Yield Fund Provides a stable level of income by investing across a broad range of yield-oriented securities in North America with a flexible investment approach.
• Dynamic Global Yield Private Pool Invests primarily in a diversified portfolio of income-oriented equity securities and fixed income securities from around the world.
• Dynamic Payout Portfolio Delivers steady monthly income with potential for long-term capital growth through a diversified mix of income-oriented equity, fixed income, and alternative investment funds.
• Dynamic Active US Equity Fund (DXUS) Invests in a high-conviction portfolio of quality growth companies in the United States.
• Dynamic Active Innovation and Disruption ETF (DXID) Invests in equity securities of companies that benefit from innovative technologies or technology that disrupts traditional industries, located anywhere in the world.
• Dynamic Active Global Dividend ETF (DXG)

Quantifiable outcome

• Research shows Canadians working with an advisor over 15 years accumulate nearly 2.3 times more assets versus non-advised investors
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• 3iQcoreTechnology or Integration · 4 March 20263iQ serves as sub-adviser for Dynamic's Active Multi-Crypto ETF (DXMC), providing digital asset management expertise. 3iQ has a history of pioneering digital asset investment products including Ether and Bitcoin ETFs, and was recently acquired by Japanese cryptocurrency exchange Coincheck for $111.84 million.
• Payden & RygelcoreStrategic or Co-development PartnerPayden & Rygel manages assets for the Dynamic Global Fixed Income Fund. One of the largest privately owned investment managers in the U.S. with over $150 billion in AUM, founded by Joan Payden nearly four decades ago. The company remains truly independent with 100% owned by senior portfolio managers & executives. Provides global fixed income management expertise.
• Jarislowsky FrasercoreStrategic or Co-development PartnerJarislowsky Fraser operates as a distinct business division within Scotiabank, managing emerging market equities for pension funds, foundations, endowments, corporations, and high-net-worth individuals. Originally founded in 1955 as a research boutique, it now manages CA$58 billion in assets under management with over 60 investment professionals. Operates with full investment independence despite being a wholly-owned subsidiary.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Mackenzie Investments: Canadian asset manager (part of IGM Financial/Power Corporation) offering mutual funds, ETFs, and alternatives. Direct competitor in Canadian retail advisor channel with similar active management heritage and Scotiabank-rival distribution scale.
• CI Global Asset Management: One of Canada's largest independent asset managers offering mutual funds, ETFs, and alternatives across active and passive strategies. Directly comparable as a Canadian-domiciled multi-product active manager competing for advisor-sold retail AUM with similar product breadth.
• AGF Investments: Canadian independent asset manager offering mutual funds, ETFs, and alternatives with a focus on active management. Comparable as a Canada-domiciled active manager competing for advisor-sold retail flows, though smaller in scale than Dynamic.

Broad incumbents

• BlackRock Canada: Canadian subsidiary of the world's largest asset manager offering iShares ETFs and active funds. Comparable as a major competitor in the Canadian ETF and mutual fund market, particularly threatening Dynamic's active franchise via passive share gains.
• TD Asset Management: Asset management arm of TD Bank offering actively managed mutual funds and ETFs in Canada. Comparable as another Big Five bank-owned competitor with similar retail distribution via TD Direct Investing and advisor networks.
• Fidelity Canada: Canadian arm of Fidelity Investments offering mutual funds, ETFs, and managed portfolios. Comparable as a large foreign-affiliated active asset manager competing in the Canadian retail advisor and self-directed channels.
• RBC Global Asset Management: Asset management division of Royal Bank of Canada, another Big Five bank. Comparable as a bank-owned Canadian asset manager with broad mutual fund, ETF, and institutional offerings, though operating under a much larger parent with broader wealth management ambitions.
• BMO Global Asset Management: Asset management division of BMO Financial Group offering mutual funds, ETFs, and alternatives. Comparable as a Big Five bank-owned Canadian asset manager with overlapping product suite and advisor distribution model.
• Manulife Investment Management: Global asset management arm of Manulife Financial offering mutual funds, ETFs, and institutional separate accounts. Comparable in scale and product breadth as a Canadian-headquartered multi-product asset manager with strong institutional and retail capabilities.

Emerging players

• Vanguard Canada: Canadian arm of Vanguard offering low-cost index ETFs and mutual funds. Represents the principal passive disruption to Dynamic's active management model and a key threat to fee levels across the broader Canadian mutual fund industry.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/dynamic-funds

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dynamic Funds