TORONTO, Dec. 15 /CNW/ - Scotia Securities Inc. (SSI) is pleased to
announce that F&C Management Limited (F&C) has been appointed portfolio
advisor for the Scotia Global Climate Change Fund, effective today.
    "Global climate change is a reality that has the potential to impact the
way we live, the companies where we work and the way in which we invest our
money," said Glen Gowland, Managing Director and Head, ScotiaFunds and
President & CEO SSI. "We are pleased to partner with F&C, one of the world's
largest sustainable investment managers on this very important mandate."
    "We are delighted that Scotia Securities has chosen F&C to manage its
Global Climate Change Fund. F&C has a quarter of a century's experience
analyzing environmental value drivers, and knows this market well," said
Karina Litvack, Head of Governance & Sustainable Investment at F&C. "With
climate change now swiftly rising up the business and policy agenda, we
anticipate numerous opportunities to benefit our investors by seeking out
companies offering innovative solutions both to curb climate change and help
society adapt to its inevitable effects." F&C currently manages in excess of
US $166 billion worldwide and $5.9 billion in sustainably managed assets.
    SSI expects that the appointment of F&C will enable a smooth transfer of
responsibilities and continuity of investment management for the Fund. There
will be no change to the investment objectives or investment strategies of the
Scotia Global Climate Change Fund

    Under the ScotiaFunds name, Scotia Securities Inc. provides a broad range
of 32 mutual funds and 16 professionally managed portfolios. ScotiaFunds are
available at SSI, through domestic Scotiabank branches, ScotiaMcLeod Direct
Investing, ScotiaMcLeod, as well as leading investment dealers, independent
brokers, advisors and financial planners. As at October 31, 2008, SSI was one
of the top ten largest mutual fund companies in Canada, with over $18.9
billion in assets.

    Scotia Securities Inc., is a wholly-owned subsidiary of Scotiabank.
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 $508 billion in assets (as at October 31, 2008), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.