Home Breadcrumb caret Industry News Breadcrumb caret Industry Scotiabank launches index for liquid alts The index consists of 22 funds launched under new rules effective since January By Staff | April 10, 2019 | Last updated on April 10, 2019 1 min read © naumoid / iStockphoto Scotiabank has launched an index for alternative mutual funds, the Toronto-based bank announced Wednesday. The Scotiabank Alternative Mutual Fund Index tracks the performance of the Canadian alternative mutual fund universe, comprising funds classified as liquid alternatives under new regulatory rules effective at the beginning of the year. So far, 22 funds are included in the index. A bank spokesperson said the index is the only one of its kind in Canada that contains liquid alternatives launched under the new rules. The index ended March 2019 up 0.81% month over month and up 3.13% year-to-date on an equal-weighted basis. Returns will be calculated monthly. Also read: Investing in liquid alts What advisors need to know about liquid alts Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo