Scotia Securities of Toronto has replaced Barclays Global Investors Canada as the portfolio advisor to four of its mutual funds. State Street Global Advisors will assume the role of portfolio advisor.

The funds in question are as follows: Scotia Canadian Bond Index Fund, Scotia Canadian Stock Index Fund, Scotia American Stock Index Fund, and Scotia International Stock Index Fund.

"We were impressed by State Street Global Advisors' experience as a leading index manager and its ability to provide a cost effective and tailored investment solution," stated Glen Gowland, vice president at Scotia Securities. "State Street Global Advisors' experience as a leading index manager will, ultimately, benefit unit holders." 

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