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Scotia Asset Management makes portfolio adviser change

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Scotia Asset Management has made a portfolio adviser change to Scotia US Value Fund.



Effective on or about 31 December 2010, Goodman & Company, Investment Counsel will become portfolio adviser to the fund.

The fund, with approximately CAD88m in assets under management, will be managed by Goodman vice-president and portfolio manager David L. Fingold.

Goodman is a Canadian asset management company with more than 50 years of history. The firm offers a range of wealth management solutions including mutual funds, hedge funds, portfolio solutions and flow-through limited partnerships for retail investors, high net worth individuals and institutions.

Goodman is a wholly owned subsidiary of DundeeWealth.

"We are thrilled to partner with Goodman & Company. Goodman & Company is a strategic addition to ScotiaFunds’ already strong line up of portfolio advisers," says Glen Gowland, chief executive officer of Scotia Asset Management.  "A number of Goodman & Company mandates have been a part of our Partners Program since June 2008 so the strength of their investment capabilities is well known to us. We are pleased to be able to extend this capability to Scotia US Value Fund unitholders."

"We are delighted to have the opportunity to apply our award-winning contrarian approach to stock picking in the management of Scotia US Value Fund," adds Fingold.

There will be no change to the investment objective of the fund as a result of the portfolio adviser change.

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