Scotia Global Asset Management

Name

Scotia Global Asset Management

Legal name

Scotia Global Asset Management

Website

https://scotiagam.com

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Sector & Industry Equity ETFs (FSAAAFAC)

Keywords

• Investment management services
• Mutual fund management
• Exchange-traded funds
• Portfolio management solutions
• Institutional asset management

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: Asset-based management fees earned on assets under management across mutual funds, ETFs, and institutional mandates. AUM represents assets managed by Scotiabank (through its Global Wealth management division) on a discretionary basis.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Scotia Global Asset Management provides investment management solutions across mutual funds, exchange-traded funds (ETFs), portfolio solutions, alternative investments, and segregated institutional mandates, managing over $432 billion in assets on behalf of retail, high-net-worth, and institutional clients. The firm operates through multiple brands including ScotiaFunds, Dynamic Funds, Tangerine Investment Funds, Jarislowsky Fraser, and MD Financial Management, distributing products through Scotiabank branches, independent advisors, digital platforms, and direct institutional channels across Canada, the Caribbean, and Latin America.

Product overview

Scotia Global Asset Management is one of Canada's largest asset managers offering a broad range of traditional and alternative investment solutions through multiple targeted brands and platforms. The core offering includes ScotiaFunds (mutual funds), Scotia ETFs (Index Tracker and Responsible Investing ETFs), Dynamic Funds (including Active ETFs and Active Alternatives), Tangerine Investment Funds (digital investing), Jarislowsky Fraser (institutional/high-net-worth), and MD Financial Management (physician-focused). These products span mutual funds, exchange-traded funds, portfolio solutions, liquid alternatives, specialty funds, private assets, and pooled investments. The company serves clients across Canada and internationally through regional brands in the Cayman Islands, Chile, Jamaica, Mexico, and Peru.

Differentiator

Problem solved

Functional benefit

Brands

• ScotiaFunds: A comprehensive suite of mutual funds and portfolio solutions available through Scotiabank branches and other advisors and dealers. Includes Scotia Index Tracker ETFs and Scotia Responsible Investing ETFs.
• Dynamic Funds
• Scotia ETFs
• Scotia Excelsior Funds
• Scotia Fondos
• ScotiaFunds Cayman Islands
• ScotiaFunds Jamaica
• Women in Asset Management Program (WAM Program)

Products and services

• ScotiaFunds Mutual Funds Comprehensive suite of mutual funds available through Scotiabank branches, independent advisors, and dealers, covering domestic, international, and specialty funds across all asset classes, regions, and investment styles for retail investors in Canada.
• Scotia ETFs (Scotia Index Tracker ETFs and Scotia Responsible Investing ETFs) Low-cost exchange-traded funds including Scotia Index Tracker ETFs tracking specified indices and Scotia Responsible Investing ETFs with ESG focus, providing Canadian investors diversified ETF access.
• Dynamic Funds Actively managed investment solutions including equity and fixed-income mutual funds, Active ETFs, and Active Alternatives designed to help Canadian investors and advisors build resilient portfolios; available only in Canada.
• Dynamic Active ETFs Active management exposure through the flexibility and cost profile of the ETF structure, covering Dynamic's actively managed strategies for Canadian investors and advisors.
• Tangerine Investment Funds Digital investing solution available through opening an online Investment Fund Account, focused on saving self-directed Canadian investors time and money with a streamlined mutual fund lineup.
• Jarislowsky Fraser Institutional and Private Wealth Management Disciplined, quality-focused investment management services for institutional clients (pension funds, endowments, foundations) and high-net-worth individuals, emphasizing quality sustainable businesses for long-term growth in a lower-risk manner.
• MD Financial Management Investment Solutions Specialized investment solutions and financial services tailored for Canada's physicians and their families to help achieve their financial goals; available only in Canada.
• ScotiaFunds Portfolio Solutions Multi-asset portfolio solutions spanning a range of risk tolerances and objectives, from long-term growth potential to regular monthly income, for retail investors and advisors.
• Liquid Alternative Funds Funds combining the liquidity and transparency of traditional mutual funds with the flexibility of alternative investment strategies and the portfolio construction benefits of alternative assets, available to retail and institutional investors.
• Specialty Funds (Infrastructure, Gold/Precious Metals, Real Estate, Energy) Strategic alternative asset funds providing access to infrastructure, gold and precious metals, real estate, and energy investment opportunities for diversified portfolio exposure.
• Private Assets Private asset investment solutions offered through strategic partnerships with private asset managers, providing individual and institutional investors access to private market opportunities.
• Scotia Wealth Pools Pooled investment vehicles including U.S. Large Cap Growth Pool and Global Real Estate Pool, managed through sub-advisory arrangements for wealth clients.
• Scotia International Mutual Funds (ScotiaFunds Cayman, Scotia Fondos Chile, ScotiaFunds Jamaica, Scotia Fondos Mexico, Scotia Fondos Peru) Locally distributed mutual fund products offered in the Cayman Islands, Chile, Jamaica, Mexico, and Peru through Scotiabank's international subsidiaries, providing local investors access to globally diversified funds.

Quantifiable outcome

• Over $432 billion in assets under management as of October 31, 2025
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered minor and core.

• Putnam Investment Management LLCminorStrategic or Co-development Partner · 25 June 2026Appointed as sub-adviser for Scotia Wealth U.S. Large Cap Growth Pool. Investment objectives of the fund will remain unchanged. This represents a routine administrative change in portfolio management.
• Cohen & Steers Inc.minorStrategic or Co-development Partner · 25 June 2026Appointed as sub-adviser for Scotia Wealth Global Real Estate Pool. Investment objectives of the fund will remain unchanged. Routine administrative change in portfolio management.
• Pembroke Private Wealth ManagementminorStrategic or Co-development Partner · 26 May 2026Appointed as sub-adviser for Scotia Wealth Canadian Growth Pool. No change to the fund's investment objectives as a result of this transition.
• ICICI Prudential Asset Management CompanyminorStrategic or Co-development Partner · 16 March 2026Appointed as sub-adviser for Scotia India Equity Fund. Investment objectives of the fund will remain unchanged following this transition. Routine operational adjustment.
• Jarislowsky, Fraser LimitedcoreOthersOne of Canada's leading independent investment firms acquired by Scotiabank in 2018. Focuses on institutional and high-net-worth investors with a disciplined, quality-focused investment approach.
• MD Financial Management Inc. and MD Management LimitedcoreOthersCanada's leading provider of financial services to physicians and their families. Acquired by Scotiabank in 2018.
• Tangerine Investment Funds LimitedcoreOthersDigital investing platform, formerly ING Bank of Canada acquired in 2012. Offers online investment fund accounts for self-directed investors.
• 1832 Asset Management L.P.coreOthersThe legal operating entity for Scotia Global Asset Management in Canada. A limited partnership wholly owned by Scotiabank through its Global Wealth division.
• Ivey Business School (Women in Asset Management Program)minorStrategic or Co-development PartnerScotia GAM partnered with Ivey to offer the Women in Asset Management (WAM) Program, exposing diverse talent to career opportunities in asset management. Scotia GAM is a Benefactor Sponsor of the program.
• United Nations Principles for Responsible Investment (UN PRI)minorStrategic or Co-development PartnerScotia Global Asset Management became a signatory to the UN-backed Principles for Responsible Investment in 2018, formalizing its commitment to ESG issues.
• Climate Engagement CanadaminorStrategic or Co-development PartnerFounding participant of Climate Engagement Canada, a finance-led initiative driving dialogue between the financial community and corporate issuers to promote a just transition to a net zero economy.
• Canadian Coalition for Good Governance (CCGG)minorStrategic or Co-development PartnerProud member of CCGG and serves on the group's Environmental and Social Committee.
• Responsible Investment AssociationminorStrategic or Co-development PartnerProud member of the Responsible Investment Association's leadership council, Canada's membership association for responsible investing.
• CDP (Carbon Disclosure Project)minorStrategic or Co-development PartnerProud member of CDP, a not-for-profit that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mackenzie Investments: One of Canada's largest independent (non-bank-affiliated) asset managers with diversified retail mutual funds and ETFs. Comparable in product breadth and retail advisor distribution, though Mackenzie relies on third-party dealer networks rather than captive bank branches.
• CIBC Asset Management: Asset management business of Canadian Imperial Bank of Commerce offering Renaissance funds and institutional mandates. Directly comparable as another Canadian Big Six bank-owned asset manager serving retail and institutional clients through branch and advisor channels.
• BMO Global Asset Management: Asset management division of Bank of Montreal offering mutual funds (BMO Funds), ETFs, and institutional mandates with strong bank-distribution integration. Closely comparable to Scotia GAM in Canadian retail distribution and institutional reach.
• TD Asset Management: Asset management arm of TD Bank offering mutual funds, ETFs (TD ETFs), and institutional/pension mandates. Comparable in Canadian bank-distribution model and multi-segment (retail, institutional) coverage.
• RBC Global Asset Management: The asset management arm of Royal Bank of Canada, the largest Canadian bank. Operates a comparable multi-brand strategy (RBC Funds, PH&N, BlueBay) with retail mutual funds, ETFs, and institutional mandates. Most directly comparable to Scotia GAM in scale, brand structure, and bank-distribution model.
• IA Clarington Investments: Canadian asset manager (subsidiary of iA Financial Group) offering mutual funds and ETFs distributed primarily through advisor channels. Comparable product set though smaller scale and different parent-ownership structure.
• Manulife Investment Management: Global asset management arm of Manulife Financial offering mutual funds, ETFs, and institutional/private markets capabilities. Comparable in retail mutual fund franchise and institutional capabilities, with broader international reach (U.S., Asia) than Scotia GAM.
• Fidelity Investments Canada: Canadian arm of Fidelity offering mutual funds, ETFs, and institutional mandates. Comparable in retail and institutional product offerings, with a strong advisor-channel distribution presence in Canada.

Broad incumbents

• Vanguard Investments Canada: Canadian arm of Vanguard, the global low-cost passive ETF/index fund leader. A structural competitor to Scotia GAM's traditional active mutual fund business due to fee pressure and ongoing Canadian investor migration to low-cost ETFs.
• BlackRock Canada: Canadian arm of global asset management leader BlackRock, dominant in iShares ETFs and institutional index mandates. Competes with Scotia GAM in Canadian ETF and institutional segments but operates at materially larger global scale with passive-ETF specialization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/scotiabank
• Facebookfacebook.com/scotiabank
• LinkedInlinkedin.com/company/scotiabank

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles36 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Scotia Global Asset Management