TORONTO, ON - November 24, 2014 /CNW/ - ScotiaFunds® announced the launch of Scotia Aria™ Retirement Program ("Aria"), an innovative investment solution designed to help investors achieve their retirement savings goals and retirement income goals. Aria includes nine Scotia Aria Portfolios that are managed by 1832 Asset Management L.P. (the "Manager"). The minimum initial investment for the program is $150,000 for Series A funds and $300,000 for Premium Series funds.

"The journey to and through retirement is seldom linear and the risks investors face are multi-dimensional," says Neil Macdonald, Managing Director, ScotiaFunds. "Aria embraces the intricacies of retirement with a program that is uniquely designed to mitigate those risks, while addressing different investment needs throughout a client's lifetime."

Unlike traditional managed wrap programs that use a single portfolio solution to address an investor's needs, Aria offers a customized blend of two of the Scotia Aria Portfolios that is designed to align investors to their stage in life, risk tolerance and income requirements. "Separately, each Scotia Aria Portfolio is built for a distinct purpose. Combined in the Scotia Aria Retirement Program, they form a complete solution," says Macdonald.

Each Scotia Aria Portfolio is composed of an exclusive blend of ScotiaFunds, Scotia Private Pools and other investments that tap into the expertise of specialized portfolio managers. The Portfolios include:

Scotia Aria Build Portfolios. When saving for retirement, emphasizing a growth strategy is most prudent during an investor's working years. Scotia Aria Build Portfolios are designed to achieve long-term growth through a diversified mix of equity and fixed income strategies that are primarily geared towards capital appreciation.

Scotia Aria Core Portfolios.  Managing the ups and downs of the market becomes increasingly important as an investor approaches retirement and when they begin to draw down their savings. Scotia Aria Core Portfolios are designed to take a more cautious approach to achieving long-term growth by selectively investing in lower volatility investments.

Scotia Aria Pay Portfolios.  Many retirees need a flexible investment solution that can help deliver regular income and stay ahead of inflation. Scotia Aria Pay Portfolios are designed to generate income and provide growth potential by seeking out income producing equities and fixed-income securities, such as dividend-paying stocks and higher-yielding bonds.

ScotiaFunds are managed by 1832 Asset Management L.P. ScotiaFunds are available through Scotia Securities Inc. and from other dealers and advisors, including ScotiaMcLeod and Scotia iTRADE, which are divisions of Scotia Capital Inc. Scotia Securities Inc. and Scotia Capital Inc. are wholly owned by 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 by the Canada Deposit Insurance Corporation or any other government deposit insurer, their values change frequently and past performance may not be repeated.

About 1832 Asset Management L.P.
1832 Asset Management L.P. offers a range of wealth management solutions, including mutual funds, and investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank 
Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 86,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $792 billion (as at July 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York (NYSE: BNS) Exchanges. Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.