Who is Scotia Asset Management?
	Scotia Asset Management L.P. is a Canadian investment management firm with significant experience managing investments in the Canadian and US financial markets. Scotia Asset Management manages approximately US$39 billion on behalf of mutual funds, institutions, foundations, endowments, and private clients. Scotia Asset Management is a subsidiary of Scotiabank, "one of the top ten best performing financial services firms in the world"†.

Investment Philosophy:

• Strategic long-term view of investing
• tock selection follows a bottom up approach that is complemented by a disciplined
• top-down review of sectors and themes
• Fixed income security selection is driven primarily by yield curve and credit strategies
• within well defined risk parameters
• Effective portfolio construction balances return objectives with capital preservation
• Disciplined and consistent research process provides value added returns 

Why Scotia Asset Management
Experienced Investment Management:
Scotia Asset Management and its predecessor firms have over 130 years of
investment management experience. Investors benefit from the insight and
perspective of the firm's experienced team of investment professionals.

Disciplined Investment Process:
Investments are evaluated with a disciplined approach that that leverages fundamental,
quantitative, qualitative and technical analysis.

Investment Process
Scotia Asset Management's primary goal is to generate superior risk adjusted returns
by focusing on consistent outperformance and capital preservation. To achieve this
goal, its approach leverages fundamental, quantitative, qualitative and technical
analysis for stock and sector selection, and from yield curve strategy and credit
selection for fixed income investments. This is complemented by an investment
strategy committee that meets monthly to review investment opportunities and
formulate investment strategy.

Important information about the Scotiabank Mutual Funds is contained in the Funds’ prospectus. Copies are available from PBIS,
Scotia DBG Investments Ltd., Scotiabank Trinidad and Tobago Ltd. and Scotiabank & Trust (Cayman) Ltd. branches and should be read carefully before investing. The Scotiabank Mutual Funds are not insured by, nor guaranteed by, The Bank of Nova Scotia of MCB.

* Trademark of The Bank of Nova Scotia, used under licence.
† State of the Financial Services Industry, 2009, Oliver Wyman Group, a Marsh & McLennan Company (01/11)