Dynamic announces management fee reductions for eight active ETFs (opens in a new tab)
Fee cuts of 10–30 bps across four fixed income and four equity active ETFs.
Investment Management
Scotiabank's actively managed fund brand, run by 1832 Asset Management with 115+ investment professionals and over $80B in AUM.
Dynamic Funds is a division of 1832 Asset Management L.P., Scotiabank's asset management arm, which also operates as Scotia Global Asset Management alongside ScotiaFunds and Jarislowsky Fraser Institutional. Dynamic sells actively managed mutual funds, active ETFs, liquid alternatives and, since 2026, private-asset solutions through financial advisors. It reports more than $80 billion in AUM and 115+ investment professionals as of 2025-12-31. Its Toronto-based in-house teams, such as Oscar Belaiche's Equity Income team and the Power growth franchise, hire portfolio managers, associate PMs and analysts. Recruiting runs through Scotiabank's careers site.
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Oscar Belaiche's 22-member team runs about $48 billion in dividend- and distribution-paying strategies, using its QUARP (quality at a reasonable price) approach.
Long-tenured lead managers for US and global strategies, including Noah Blackstein (Power growth team, at Dynamic since 1997) and David L. Fingold (value, since 2002).
A growing actively managed ETF lineup; in July 2026 fees were cut by 10–30 bps on eight fixed income and equity ETFs.
Liquid alternative mutual funds plus, from March 2026, the evergreen Dynamic Diversified Private Assets Fund for accredited investors, run by the Multi-Asset team with affiliated private-markets managers.
Managed asset programs and private pools; in 2025 the Marquis Institutional portfolios were proposed for merger into core Marquis portfolios and Dynamic private pools.
| Toronto | ON | headquarters |
| Montreal | QC | regional |
| Calgary | AB | regional |
| Vancouver | BC | regional |
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3 reasons for Dynamic Funds / 1832 Asset Management
The firm’s investment philosophy is published and almost no candidate reads it. Quoting a manager’s own stated criteria back to them, with one company you applied it to, beats any structural reason here. Say which part you agree with and, if you can defend it, one part you would push on.
Portfolio managers run their funds with real autonomy inside a bank, which is an unusual combination.
Scotiabank distribution behind independent-feeling investment teams.
Strong retail brand with named managers rather than a house view.
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Managing Director and Head of Dynamic
Executive
Head of Dynamic since 2011, responsible for strategy and the overall management of Dynamic in Canada. He joined in 2007 after a career in sales, distribution and corporate management.
Head of Investment Management
Investment management
Joined in 2000 and became Managing Director, Investment Management of Scotia Global Asset Management Canada in 2013. He oversees the portfolio managers, analysts and traders, investment risk, and internal and external managers. He is a CPA, CMA.
Managing Director and National Sales Manager
Sales and distribution
Appointed in 2024 to lead Dynamic's sales functions across Canada, after more than five years as Regional Vice President, Ontario. His earlier career covered equity trading on the TSX floor, advising high-net-worth clients, and wholesaling.
Senior Vice President & Portfolio Manager
Equity Income
Joined in 1997 and founded and chairs the 22-member Equity Income team, which manages about $48 billion. He has 40+ years as a money manager, developer and corporate banker.
Vice President & Senior Portfolio Manager
Power (growth)
A founding member of Dynamic's growth team in 1997 and lead manager of several US and global growth strategies. He also runs the Dynamic Alpha Performance hedge fund and two liquid alternative funds.
Vice President & Senior Portfolio Manager
Value equity
Joined in 2002 after seven years managing equities at a privately owned merchant bank, and before that held operating roles at Slater Steels. He has been VP and Senior Portfolio Manager since 2018 and leads several US and global strategies.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
2024
Mark WittePromotion
Managing Director and National Sales Manager
Dynamic Funds → Dynamic Funds
Promoted to lead Dynamic's national sales organization. The official bio gives the year only.
Fee cuts of 10–30 bps across four fixed income and four equity active ETFs.
Scotia Global Asset Management proposes fund mergers, new series and fee cuts across ScotiaFunds and Dynamic. Securityholders approved them on 2026-08-12.
New evergreen fund gives accredited investors a single-ticket route into private equity, private credit and private real assets.
1832 AM proposes merging Marquis Institutional portfolios into core Marquis portfolios and Dynamic private pools, with fee reductions.
No sourced transactions for this firm. BSO publishes a fact only once it can attribute it to a named source, so these stay off the page rather than being filled in from inference. If you know something published that belongs here, it is the fastest way to get it added.
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Scotia Global Asset Management · Aug 12, 2026 · dynamic.ca
Dynamic Funds · Jul 30, 2026 · dynamic.ca
Scotia Global Asset Management · May 1, 2026 · dynamic.ca
Dynamic Funds · Mar 11, 2026 · dynamic.ca
Jarislowsky Fraser Institutional · Oct 10, 2025 · jflglobal.com
Dynamic Funds · Jul 24, 2025 · dynamic.ca
Scotiabank · Feb 1, 2011 · scotiabank.investorroom.com
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Dynamic Funds · Date unavailable · dynamic.ca
Jarislowsky Fraser Institutional · Date unavailable · jflglobal.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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