June 2026
Pembroke Management Ltd. is pleased to announce that it has been appointed as sub-adviser for a Scotia fund. For this mandate, Scotia Global Asset Management selected Pembroke’s Canadian All Cap Strategy. The appointment reflects Pembroke’s long-standing focus on disciplined investment management and quality growth investing.
Since 1968, Pembroke’s investment team has worked to identify companies with strong management, sound financial characteristics and the potential to compound value over time. The firm is proud to bring this approach to Scotia Global Asset Management investors and looks forward to supporting their long-term objectives.
A MANDATE ROOTED IN QUALITY GROWTH
Pembroke’s Canadian All Cap Strategy is built on the firm’s quality growth investment philosophy. The strategy seeks to invest in Canadian companies across the market capitalization spectrum that the team believes can create value over the long term.
This broader all-cap approach is an important part of Pembroke’s evolution. The firm’s early reputation was closely tied to investing in smaller growth companies. While that remains an important part of our identity, Pembroke has expanded over time the application of its investment principles.
The Scotia mandate highlights that evolution. It reflects the progression of Pembroke’s capabilities from a focus on smaller quality growth companies to a broader approach across markets.
WIDER UNIVERSE, SAME APPROACH
Pembroke’s experience with smaller companies helped shape its investment culture. Investing in such companies requires detailed research, patience and independent judgment. It also requires a clear understanding of the management quality, financial strength and long-term opportunities needed for a business to grow.
Those same principles continue to guide the firm today.
In the Canadian All Cap Strategy, Pembroke applies this discipline across a wide opportunity set. The team can consider companies at different stages of development, from emerging growth businesses to more established Canadian companies with durable competitive positions.
The objective is not simply to invest by size categories. It is to identify quality businesses that have the ability to grow earnings and cash flow over time, to allocate capital effectively and to compound value for shareholders.
CONTINUITY AND EVOLUTION
The appointment by Scotia is a meaningful development for Pembroke. It gives the firm the opportunity to bring its Canadian All Cap Strategy to Scotia Global Asset Management investors.
It also provides a clear example of Pembroke’s broader story.
The firm has evolved over more than five decades, but its investment principles have remained consistent. Pembroke continues to focus on fundamental research, quality growth, management alignment and long-term value creation.
This mandate reinforces that continuity. It also shows how the firm’s investment approach has grown into a more complete quality-investing platform.
Pembroke is pleased to support Scotia Global Asset Management investors through this mandate and to continue applying its disciplined equity approach on their behalf.
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Disclaimer
This report is for the purpose of providing some insight into Pembroke and the Pembroke funds. Past performance is not indicative of future returns. Any securities listed herein, are for informational purposes only and are not intended and should not be construed as investment advice nor is it a recommendation to buy or sell any particular security. Factual information has been taken from sources we believe to be reliable, but its accuracy, completeness or interpretation cannot be guaranteed. Pembroke seeks to ensure that the content of this document is correct and up to date but does not guarantee that the content is accurate and complete and does not assume any responsibility for this. Pembroke is not responsible for decisions or actions taken or made on the basis of information contained in this document.
