Scotia Asset Management L.P. Wednesday announced a portfolio advisor change to Scotia US Value Fund.

Effective on or about December 31, Goodman & Company, Investment Counsel Ltd. will become portfolio advisor to the fund. The fund, with approximately $88 million in assets under management as of November 30, will be managed by Goodman & Company vice president and portfolio manager David Fingold.

There will be no change to the investment objective of the fund as a result of the portfolio advisor change, Scotia said.

Goodman & Company is a wholly owned subsidiary of DundeeWealth Inc., which has $45.9 billion in assets under management.

Last month, Scotiabank paid $2.3 billion to buy the rest of the shares of DundeeWealth that it did not already own.

“Goodman & Company is a strategic addition to ScotiaFunds’ already strong line up of portfolio advisors,” said Glen Gowland, CEO of Scotia Asset Management, in a release. “A number of Goodman & Company mandates have been a part of our Partners Program since June 2008 so the strength of their investment capabilities is well known to us.”

IE