TORONTO, Sept. 08, 2016 /CNW/ - Scotia Private Pools® today announced a portfolio advisor change to Scotia Private Income Pool (the "Pool"). 1832 Asset Management L.P. ("1832 Asset Management") is the manager of the Pool. Effective November 1, 2016, 1832 Asset Management will assume full portfolio management responsibilities for Scotia Private Income Pool, replacing the current sub-advisor.

1832 Asset Management 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's fixed income team combines proprietary research with highly focused trade execution to build multi-strategy bond portfolios that seeks to deliver competitive returns while controlling risk. 1832 Asset Management joins an already strong line-up of portfolio advisors for the Scotia Private Pools. There will be no change to the investment objective of the Pool as a result of the portfolio advisor change.

Scotia Private Pools are a family of investment pools managed by 1832 Asset Management and distributed through ScotiaMcLeod®, a division of Scotia Capital Inc. (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 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 is a limited partnership, the general partner of which is wholly owned by Scotiabank.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 23 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of $907 billion (as at July 31, 2016), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

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