TORONTO, June 11, 2013 /CNW/ - Scotia Asset Management L.P. today
announced a portfolio advisor change to Scotia Private Canadian Small
Effective on August 1, 2013, Van Berkom and Associates Inc. ("VBA") is
scheduled to become portfolio advisor for Scotia Private Canadian Small
Cap Pool, replacing the current portfolio advisor. A specialized
investment management firm, VBA manages small-cap stock portfolios for
large North American pension funds, corporations, foundations, and
endowment funds. The firm was founded in 1991 and concentrates 100% of
its activities on Canadian, U.S. and Asian small-cap equities. VBA is
based in Montreal and manages approximately $2.1 billion in assets as
at April 30, 2013.
Scotia Asset Management L.P.'s manager selection process leverages the
global research capabilities of investment management consultant,
Northern Trust Corporation, in identifying and evaluating best in class
investment managers for Scotia Private Pools. VBA's strong track record
and proven team of investment professionals join an already strong
lineup of portfolio advisors to the Scotia Private Pools.
There will be no change to the investment objective of Scotia Private
Canadian Small Cap Pool as a result of the portfolio advisor change.
Scotia Private Pools are a family of no-load mutual funds managed by Scotia Asset Management
L.P. and are available through ScotiaMcLeod, a division of Scotia Capital Inc., a wholly owned subsidiary of The
Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian
Investor Protection Fund and the Investment Industry Regulatory
Organization of Canada.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the simplified
prospectus before investing. Mutual funds are not guaranteed or
insured, their values change frequently and past performance may not be
About Scotia Asset Management
Scotia Asset Management is a limited partnership, the general partner of
which is wholly-owned, directly and indirectly, by The Bank of Nova
Scotia and is a manager of mutual funds and investment solutions for
private clients, institutional clients and managed asset programs.
Scotiabank is a leading multinational financial services provider and
Canada's most international bank. With more than 83,000 employees,
Scotiabank 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. In December 2012, Scotiabank became the first
Canadian bank to be named Global Bank of the Year and Bank of the Year
in the Americas by The Banker magazine, a Financial Times publication. With assets of $754 billion (as at April 30, 2013),
Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS).
For more information please visit www.scotiabank.com.
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