Skip to main content

Scotiabank Alternative Mutual Fund Index Down In October 2020

The Scotiabank Alternative Mutual Fund Index - which tracks the performance of the nearly two-year old Canadian Alternative Mutual Fund industry - was off very slightly last month, falling -0.61%. Year to date, the index is down -0.12%.

Funds that are more equity focused pulled back -1.07% in October, the second consecutive month of losses. Credit focused funds fell only -0.09%.

Returns for the index 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 doesn't require a minimum track record or AUM for the index constituents at present.

© 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.