Canada's 1832 Asset Management Has 52% of Its Portfolio in This ETF

1832 Asset Management, a subsidiary of the Bank of Nova Scotia, has made significant investments in the SPDR S&P 500 ETF Trust (SPY), now making up over half of their $117.6 billion portfolio. This strategic position highlights a focus on diversification and downside protection, even as they reduced their holdings by 16.07% to $61.54 billion in the fourth quarter of 2024. With a history rooted in the establishment of Scotia Asset Management, 1832 has carved out a niche in Canada's asset management landscape.

1832 Asset Management, affiliated with Bank of Nova Scotia, heavily invested in the SPDR S&P 500 ETF, making it a cornerstone of their strategy.

With $61.54 billion in SPDR S&P 500 ETF Trust shares, 1832 underscores its focus on broad market exposure and downside protection.

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