ScotiaFunds has made portfolio adviser changes to Scotia Global Balanced Fund, Scotia US Dividend Fund and Scotia Global Dividend Fund with the current manager 1832 Asset Management assuming portfolio adviser responsibility with immediate effect.
There will be no change to the investment objective of the funds as a result of the portfolio adviser change.
"1832 Asset Management is increasingly focused on growing its capacity, expertise, and portfolio management bench strength across a broad spectrum of asset classes and strategies," says Neil Macdonald (pictured), managing director, ScotiaFunds. "Over the past few years, the firm has made a significant investment in expanding its fixed income and global equity expertise. The portfolio adviser changes announced today reflect ScotiaFunds' commitment to leverage 1832 Asset Management's internal capabilities and expertise to deliver appropriate risk-adjusted returns for investors."