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Scotiabank AM Launches Emerging Markets Equities Fund
Devina Shah
25 October 2010
Scotia Asset Management has launched an emerging markets equities fund – the Pinnacle Emerging Markets Equity Fund – aimed at investors with a long-term focus. The fund is managed by Pablo Salas, managing director and senior portfolio manager of Trilogy Global Advisors, a New York-based boutique advisory. Salas and affiliated portfolio manager and chief investment officer Bill Sterling have more than forty years of combined experience in emerging market equity investing. "We believe that identifying both early stage and traditional growth profiles among globally dominant and domestically competitive emerging market companies helps provide the best investment results," said Salas. “Our stock selection process emphasizes primarily bottom-up company research supported by extensive quantitative screening and is complemented by top-down macroeconomic risk analysis. The Pinnacle Funds are a family of investment pools offered and managed by Scotia Asset Management. Scotia Asset Management The Bank of Nova Scotia's wholly owned manager of investment solutions for private clients, institutional clients, managed asset programs and mutual funds. Scotiabank’s assets stood at $526 billion, as at 30 April 2010.