TORONTO, Feb. 21, 2012 /CNW/ - Scotia Asset Management L.P. today
announced the addition of a sub-advisor to Scotia INNOVA Income
Portfolio and Scotia INNOVA Balanced Income Portfolio.
Effective February 21, 2012, Aurion Capital Management Inc. (Aurion)
will become sub-advisor for a portion of Scotia INNOVA Income Portfolio
and Scotia INNOVA Balanced Income Portfolio (the Portfolios). Aurion is
a registered investment advisory firm specializing in Canadian
Equities, Fixed Income, Real Estate, Currency and Alternatives,
primarily for institutional investors. Established in 1996 and
headquartered in Toronto, Ontario, Aurion currently has approximately
$5.9 billion in assets under management.
Aurion's strong track record and team of experienced professionals joins
an already strong line-up of portfolio advisors and sub-advisors at
Scotia Asset Management. There will be no change to the investment
objective or strategies of either of the Portfolios as a result of the
As part of the ScotiaFunds® family of funds, Scotia INNOVA Portfolios® are professionally managed solutions for clients with investable assets
exceeding $50,000. They include five distinct portfolios offering
exclusive investment management expertise, comprehensive portfolio
diversification and ongoing monitoring and rebalancing.
Scotia INNOVA Portfolios are managed by Scotia Asset Management L.P., a
limited partnership wholly-owned directly and indirectly by The Bank of
Nova Scotia. Scotia Asset Management L.P. is a manager of investment
solutions for private clients, institutional clients, managed asset
programs and mutual funds.
Aurion Capital Management Inc. is 60 per cent owned by DundeeWealth
Inc., which is a wholly-owned subsidiary of The Bank of Nova Scotia.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 75,000 employees,
Scotiabank Group and its affiliates serve some 19 million customers in
more than 55 countries around the world. Scotiabank offers a broad
range of products and services including personal, commercial,
corporate and investment banking. With assets above $575 billion (as at
October 31, 2011), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit www.scotiabank.com.
For further information:
Diana Hart, Scotiabank Media Communications, (416) 866-7238 or firstname.lastname@example.org