Toronto-based Scotia Asset Management L.P. Tuesday announced a portfolio advisor change to Scotia Private Canadian Small Cap Pool.
Effective on August 1, Montreal-based Van Berkom and Associates Inc.is scheduled to become portfolio advisor for Scotia Private Canadian Small Cap Pool, replacing the current portfolio advisor.
A specialized investment management firm, VBA manages small-cap stock portfolios for large North American pension funds, corporations, foundations, and endowment funds. The firm was founded in 1991 and concentrates 100% of its activities on Canadian, U.S. and Asian small-cap equities. VBA manages approximately $2.1 billion in assets.
There will be no change to the investment objective of pool as a result of the portfolio advisor change.
Scotia Private Pools are a family of no-load mutual funds managed by Scotia Asset Management L.P. and are available through ScotiaMcLeod, a division of Scotia Capital Inc., a wholly owned subsidiary of The Bank of Nova Scotia.