Scotia to merge fund team with Goodman & Co.

Scotia Asset Management has announced an overhaul for the management of several mutual funds, naming Goodman & Company, Investment Counsel Ltd. as sub advisor or portfolio manager.

“We are pleased to expand our working relationship with the world class group of investment managers at Goodman & Company, Investment Counsel Ltd.”, said Glen Gowland, president and CEO of Scotia Asset Management. “Based on the track record of Dynamic Funds held within our Scotia Partners Portfolios, we are confident that the team at Goodman & Company will continue to deliver strong performance for ScotiaFund unitholders.”

Effective March 8th 2011, Goodman & Company will become sub advisor to Scotia Asset Management for:

• Scotia Global Opportunities Fund (lead manager David L. Fingold) • Scotia International Value Fund (lead manager Chuk Wong) • Scotia Global Small Cap Fund (lead manager Alexander Lane) • Scotia Pacific Rim Fund (lead manager Chuk Wong) • Scotia Canadian Blue Chip Fund (lead manager Adam Donsky) • Scotia Canadian Growth Fund (lead manager Rohit Sehgal. Co-Manager Alexander Lane) • Scotia Canadian Small Cap Fund (lead manager Alexander Lane) • Scotia U.S. Blue Chip Fund (formerly Scotia U.S. Growth) (lead manager Adam Donsky) • Scotia Resource Fund (Co-Managers Robert Cohen and Jennifer Stevenson)

On or about March 29th 2011, the Scotia Asset Management investment management team will be joining Goodman & Company, which will become sub-advisor on 22 more funds, ranging from money market offerings and bond funds to Canadian and U.S. equity mandates.

“We are pleased to welcome the investment managers and research analysts from Scotia Asset Management to the Goodman & Company team” said David Goodman, president and CEO of DundeeWealth. “The investment professionals at Scotia Asset Management and Goodman & Company are highly complementary to one another. Together we will broaden our range of investment styles and be well positioned to service clients in multiple segments of the asset management industry.”

Effective March 8, 2011, State Street Global Advisors Ltd. will be appointed portfolio advisor to Scotia Nasdaq Index Fund and Scotia CanAm Index Fund.

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