TORONTO, June 11, 2013 /CNW/ - Scotia Asset Management L.P. today announced a portfolio advisor change to Scotia Private Canadian Small Cap Pool.

Effective on August 1, 2013, Van Berkom and Associates Inc. ("VBA") is scheduled to become portfolio advisor for Scotia Private Canadian Small Cap Pool, replacing the current portfolio advisor. A specialized investment management firm, VBA manages small-cap stock portfolios for large North American pension funds, corporations, foundations, and endowment funds. The firm was founded in 1991 and concentrates 100% of its activities on Canadian, U.S. and Asian small-cap equities.  VBA is based in Montreal and manages approximately $2.1 billion in assets as at April 30, 2013.

Scotia Asset Management L.P.'s manager selection process leverages the global research capabilities of investment management consultant, Northern Trust Corporation, in identifying and evaluating best in class investment managers for Scotia Private Pools. VBA's strong track record and proven team of investment professionals join an already strong lineup of portfolio advisors to the Scotia Private Pools.

There will be no change to the investment objective of Scotia Private Canadian Small Cap Pool as a result of the portfolio advisor change.

Scotia Private Pools are a family of no-load mutual funds managed by Scotia Asset Management L.P. and are available through ScotiaMcLeod, a division of Scotia Capital Inc., a wholly owned subsidiary of The Bank of Nova Scotia. Scotia Capital Inc. is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual funds are not guaranteed or insured, their values change frequently and past performance may not be repeated.

About Scotia Asset Management
Scotia Asset Management is a limited partnership, the general partner of which is wholly-owned, directly and indirectly, by The Bank of Nova Scotia and is a manager of mutual funds and investment solutions for private clients, institutional clients and managed asset programs.

About Scotiabank
Scotiabank is a leading multinational financial services provider and Canada's most international bank. With more than 83,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. In December 2012, Scotiabank became the first Canadian bank to be named Global Bank of the Year and Bank of the Year in the Americas by The Banker magazine, a Financial Times publication. With assets of $754 billion (as at April 30, 2013), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

SOURCE: Scotiabank