• Dynamic Funds^® chosen for top spot by analysts
• Scotia iTRADE^® and Claymore Investments wins Best Exchange Trade Fund Initiative Award

TORONTO, Dec. 1, 2011 /CNW/ - Scotiabank's Global Wealth Management was awarded multiple honours at the 2011 Canadian Investment Awards, with trophies going to Dynamic Funds® (Dynamic) for the Analysts' Choice Investment Fund Company of the Year, and to Scotia iTRADE and Claymore Investments Inc. (Claymore) for Best ETF Initiative Award.

"Having the achievements of our diverse and talented team honoured with these awards is reflective of the dedication and determination they apply to their work everyday," said Chris Hodgson, Group Head of Global Wealth Management, Scotiabank. "Though working in different parts of the financial field, what each group within Global Wealth Management has in common is commitment to delivering the best service possible to our clients."

"Garnering recognition like this from the Canadian investment community is certainly an honour, particularly being selected for the top award by analysts for the second year in a row," said David Goodman, Head of Scotiabank Global Asset Management. "It has been a challenging economic time, being selected for these awards provides additional momentum to our team as we strive to continuously find the most creative and productive solutions for our clients."

In addition to the Analysts' Choice award, Dynamic Power Global Growth Fund and Dynamic Power American Growth Fund were recognized as best in the Global Equity and US Equity categories, respectively, by a jury of fund analysts. Both funds are managed by Noah Blackstein.

Scotia iTRADE and Claymore were jointly recognized for Best ETF Initiative Award for a first of its kind program which provides Canadians the opportunity to buy and sell ETFs online, commission-free.

"We looked for the best possible way to give investors both great access and value," said Bob Grant, Scotiabank Managing Director and Head of Online Brokerage. "We listened to what investors wanted and as a result, we delivered a product that allows them to explore the market, diversify their portfolios, and take control of investing opportunities."

The Morningstar Canadian Investment Awards is a unique national event that honours the companies and individuals who have made a difference in the lives of investors through superior investment products, service, marketing and education.

About Dynamic Funds
Dynamic Funds is a division of Goodman & Company, Investment Counsel Ltd. ("Goodman & Company"), which is a subsidiary of DundeeWealth Inc. and the manager of the funds mentioned above. Goodman & Company offers a wide range of wealth management solutions through financial advisors. These include the mutual funds and hedge funds of Dynamic Funds, the portfolio solutions of the Marquis Investment Program and the high net worth investment counsel of DundeeWealth Investment Counsel. DundeeWealth Inc. is a wholly owned subsidiary of Scotiabank and part of the Bank's Global Wealth Management business line.

About Scotia iTRADE
Scotia iTRADE (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

® Registered trademark of The Bank of Nova Scotia. Used under license.

About Scotiabank
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 70,000 employees, Scotiabank Group and its affiliates serve some 18.6 million customers in more than 50 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $567 billion (as at July 31, 2011), Scotiabank trades on the Toronto (Toronto:BNS.TO) and New York Exchanges (Toronto:BNS.TO). For more information please visit www.scotiabank.com.