TORONTO, Nov. 6 /CNW/ - ScotiaMcLeod today announced portfolio advisor
changes for two of its funds.
    Effective January 6, 2009 the following portfolio advisor change will
take place:
    Thornburg Investment Management, Inc. (Thornburg) will become portfolio
advisor for the Pinnacle International Equity Fund, replacing Wellington
Management Company, LLP. Founded in 1982, Thornburg Investment Management is
an employee-owned investment management firm based in Santa Fe, New Mexico.
They manage assets of approximately $43 billion for bond funds, equity funds,
and separate accounts for institutional and high net worth clients.
    Effective February 5, 2009 the following portfolio advisor change will
take place:
    Scheer, Rowlett & Associates Investment Management Ltd. (Scheer Rowlett)
will become portfolio advisor for the Pinnacle Canadian Value Equity Fund,
replacing BonaVista Asset Management Ltd. Scheer Rowlett manages approximately
$4 billion in assets, specializing in value-oriented, Canadian equities and
balanced mandates. Scheer Rowlett is a member of the Connor, Clark & Lunn
Financial Group of companies, one of Canada's largest and fastest growing
asset management firms whose affiliated managers are collectively responsible
for the investment of over $35 billion in financial assets on behalf of
institutional, private and retail clients.
    Thornburg and Scheer Rowlett will join a strong lineup of portfolio
advisors already featured in the Pinnacle Program.
    The Pinnacle Program is a managed asset solution offered exclusively
through ScotiaMcLeod, a division of Scotia Capital Inc. and a member of the
Scotiabank Group. Scotia Capital Inc. is a member of Canadian Investor
Protection Fund (CIPF) and the manager of the Pinnacle Program Funds.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 60,000 employees, Scotiabank
Group and its affiliates serve approximately 12.5 million customers in some 50
countries around the world. Scotiabank offers a diverse range of products and
services including personal, commercial, corporate and investment banking.
With $462 billion in assets (as at July 31, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.