Scotia Asset Management L.P. Monday announced a portfolio advisor change to Scotia Latin American Fund.
Effective November 23, Scotia Inverlat Casa de Bolsa, S.A. de C.V., Group Financiero Scotiabank Inverlat (Scotia Gestión de Activos) will become portfolio advisor for Scotia Latin American Fund, replacing TCW Investment Management Co.
There will be no change to the investment objectives of Scotia Latin American Fund as a result of the portfolio advisor change.
Scotia Gestión de Activos and its affiliates have over $7 billion in assets under management and is wholly owned by Bank of Nova Scotia (TSX:BNS).
A respected asset manager in the Mexican wealth market, Scotia Gestión de Activos manages a broad array of fixed income and equity strategies for institutional and individual investors. The firm’s portfolio managers work in close partnership with a network of Scotia investment professionals and resources in Latin American as part of its bottom-up investment process that seeks to grow and protect clients’ assets.