01:15:23 EDT Fri 17 May 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,214,075,936
Close 2024-01-26 C$ 62.38
Market Cap C$ 75,734,056,888
Recent Sedar Documents

Globe says Scotiabank's Newman is selectively bullish

2024-01-29 08:34 ET - In the News

The Globe and Mail reports in its Saturday edition that despite the market volatility and lingering fears of an economic downturn, money manager Greg Newman still believes we are in a bull market. The Globe's Brenda Bouw, writing in The Globe Advisor, quotes Mr. Newman saying, "Every time there's an erosion in the market, as there was late last year, you have to ask yourself, 'Is this the beginning of a bear market or is this just something that can help me score points in my portfolio?'" Mr. Newman is senior wealth adviser and portfolio manager with the Newman Group at Scotia Wealth Management in Toronto. To Mr. Newman, whose group oversees about $1-billion in assets, the answer is "scoring points," which means seeking out specific companies that look attractive and he expects to perform well over the long term. "I don't know whether the markets are going to have a great year, but I do see good opportunities," he says. His model all-equity portfolio was up 17 per cent over the past 12 months, as of Jan. 19, and has seen an annualized return of 11 per cent since inception in January, 2013. The performance is based on total returns, net of fees. Asset allocation will vary depending on a client's risk tolerance.

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