Capital International Asset Management Canada, Inc. today announced that Capital International Global Discovery Fund and Capital International U.S. Small Cap Fund are closed to new investors effective immediately.

The two funds will unwind on April 20, 2007.

Both funds were created for Scotia Securities Inc. and used almost exclusively as investment options for Scotia mutual funds.

Capital International Asset Management made the decision to unwind the funds after Scotia Securities announced on Dec. 14, 2006 that the Scotia mutual funds would no longer invest in the funds.

The Scotia funds will also redeem their investments in Capital International Global Small Cap Fund, Capital International International Equity Fund and Capital International U.S. Equity Fund on April 20, 2007.

The redemptions will reduce the size of the three funds, but will not impact the investment strategies or investment process followed by the funds. In addition, the redemptions are not expected to impact the funds’ management expense ratios, as Capital International Asset Management will absorb certain costs and expenses that would otherwise be payable by the funds.