TORONTO, June 25, 2014 /CNW/ - IA Clarington Investments Inc. ("IA
Clarington" or the "Company") today announced the launch of the IA
Clarington Core Plus Bond Fund and the IA Clarington Focused U.S.
"We're expanding our line-up to provide investors a unique way to
protect their investment grade fixed income against interest rate risk
with the Core Plus Bond Fund," said Eric Frape, Senior Vice President,
Product and Investments at IA Clarington. "Investors will also be able
to take advantage of the ongoing economic recovery in the U.S. with the
Focused U.S. Equity Class."
The IA Clarington Core Plus Bond Fund gives financial advisors and
investors a fixed income solution that offers the stability of
investment grade corporate bonds while protecting against interest rate
risk and adds the benefit of enhanced income through holdings in senior
loans and other higher yielding securities.
"It is nearly impossible to predict when interest rates will rise, but
it's clear that the once-in-a-lifetime opportunity to earn equity-like
returns from fixed income has given way to a new environment where
fixed income investors are earning a lot less yield than in the past,"
said Jeff Sujitno, Vice-President and Portfolio Manager for the IA
Clarington Core Plus Bond Fund. "In this environment, investors will
benefit from rethinking the traditional approach to fixed income
investing and that's the approach we're taking with this fund to manage
that interest rate risk."
The IA Clarington Focused U.S. Equity Class leverages award-winning
portfolio manager David Taylor's expertise in U.S. equity stock picking
for investors who want to take advantage of investment opportunities in
the world's largest equity market. Taylor's signature style of value
investing uncovers quality stocks that have been overlooked or are
currently out of favour due to short-term events or market conditions.
"Historically, economic expansions have averaged nine years and
typically, rising interest rates and inflation mark the end. We are
only five years into this expansion and both rates and inflation remain
low," said Taylor about concerns that the U.S. market has reached a
top. "Much of the earnings growth in this bull market has been the
result of cost cutting and efficiencies. With an improving global
economy, corporate revenues are starting to reap the benefits in terms
of increasing volumes and raising prices and this fund provides an
opportunity to profit from that growth."
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance
Insurance and Financial Services Inc., markets a wide range of
investment products, including mutual funds and segregated funds
managed by leading portfolio advisors. The Company's philosophy is to
select best in class money managers from across Canada and around the
world to manage its funds. IA Clarington managed approximately $15
billion in assets as at May 31, 2014. www.iaclarington.com
SOURCE: IA Clarington Investments Inc.
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TMX Equicom (416) 815-0700 ext. 266