TORONTO, June 11, 2014 /CNW/ - IA Clarington Investments Inc. ("IA
Clarington" or the "Company") today announced that QV Investors Inc.
("QV") will assume lead portfolio sub-advisory responsibility for the
IA Clarington Global Dividend Fund (the "Fund") effective July 2, 2014
in place of the existing sub-advisor. IA Clarington is also announcing
it intends to change the name of the Fund to IA Clarington Global
QV is widely recognized in the Canadian investment community for their
disciplined approach to investing, focusing on long-term ownership of
companies and building portfolios that differ from the index to provide
investors with superior risk-adjusted returns. With nearly $11 billion
in assets under management, QV strives for excellence in security
selection and portfolio management, centering their processes on
"quality and value."
"QV has a proven track record managing global portfolios that is aligned
with our active investment philosophy and consistent with the strong
results they have delivered on the other funds they manage on behalf of
our clients," said Eric Frape, Senior Vice President, Product and
Investments at IA Clarington. "We are very pleased to be extending the
relationship between IA Clarington and QV and adding this global
mandate that will complement our broad selection of active investment
solutions across Canadian, U.S. and global funds."
The portfolio managed by QV will be focused on 25-40 mid and large-cap
names in developed countries around the world. QV has managed the IA
Clarington Canadian Small Cap Fund since 1997 and was appointed to
manage the IA Clarington Canadian Balanced Fund in 2009. Both mandates
have been recognized at the Canadian Investment Awards.
"We remain optimistic with the long term prospects of investing in some
of the world's strongest franchises and continue to see opportunities
in the marketplace," said Joe Jugovic, QV President, CIO & CEO. "We are
very excited to continue to expand our partnership with IA Clarington,
one of our longest standing and highly respected clients," said
Jugovic, who will be the lead portfolio manager for the Fund.
The investment strategies of the Fund will be amended to reflect QV's
investment process. All changes are subject to regulatory approvals.
Segregated fund options are available through the IA Clarington GIF and
IA Ecoflex programs.
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
About QV Investors
QV Investors Inc. is an independent, Canadian investment manager
committed to providing excellence in security selection, portfolio
management and client communication. Founded in 1996, QV stands for
"Quality" and "Value". These characteristics resonate through the
firm's culture and investment principles; from the analysis of
investments to the competitive fees that it offers to clients. QV
manages money on behalf of pension funds, insurance companies, mutual
fund companies, foundations, endowments and high net worth private
SOURCE: IA Clarington Investments Inc.
For further information:
Senior Director, Media Relations
TMX Equicom (416) 815-0700 ext. 266