Canadian Alternative Mutual Funds Up In December 2020 To Deliver Second Consecutive Year Of Gains
The Scotiabank Alternative Mutual Fund Index, which tracks the performance of the Canadian Alternative Mutual Fund universe, finished December 2020 up +2.19% for full-year returns of +4.91%. Alternative equity-focused funds were up +2.61% whereas alternative credit-focused funds ended up +0.55%.
The 2020 data represents the second consecutive year of gains for the Scotiabank index. In 2019, the index ended up +5.33%.
Returns are calculated monthly on an equal-weighted basis; index constituents are limited to funds that are classified as
Alternative Mutual Funds, as defined in Canada's National Instrument 81-102. Scotiabank currently doesn't set a minimum requirement for AUM to be included in the index.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.