- IA Clarington Inhance Bond SRI Fund is designed for fixed-income investors looking to combine the potential for financial return with positive societal impact
- Seeking income and capital preservation, the Fund invests primarily in government and corporate debt securities as well as preferred shares
- iA Clarington's SRI lineup now includes four stand-alone funds and three portfolios designed to align investors' financial goals with their personal values
TORONTO, Jan. 16, 2017 /CNW/ - IA Clarington Investments Inc. (iA Clarington) announced today that it has launched the IA Clarington Inhance Bond SRI Fund, a core plus fixed-income solution that will invest primarily in a diversified selection of government and corporate debt securities as well as preferred shares.
The Fund will be sub-advised by Vancity Investment Management Ltd. (Vancity) and led by portfolio manager Jeffrey Lew alongside portfolio managers Andrew Simpson and Dermot Foley.
The IA Clarington Inhance Bond SRI Fund will follow Vancity's unique approach to Socially Responsible Investing through a fully integrated in-house investment management process that incorporates environmental, social, and corporate governance (ESG) factors. The Fund will meet Socially Responsible Investing criteria and has been designed for investors seeking income and capital preservation.
"We're seeing increased interest in our Socially Responsible Investment (SRI) offerings from investors, who are seeking to combine financial return with making a positive societal impact," said Eric Frape, Senior Vice President, Products & Investments, iA Clarington. "One of the unique aspects of the IA Clarington Inhance Bond SRI Fund is that, in addition to adhering to a responsible investment philosophy, the Fund will be a fossil fuel free fixed-income solution."
Responsible Investing is a trend that is growing in popularity among Canadian investors, who now hold more than $1 trillion in responsible investments, according to the Responsible Investment Association (RIA). This growth has been fuelled by both retail and institutional investors, including large pension funds.
"By providing investors exposure to a responsible investment fixed-income solution, we can help them achieve broader asset diversification that aligns with their values," said Jeffrey Lew, Portfolio Manager at Vancity. "Our 360-degree view of investing allows us to identify unique opportunities and augment traditional risk management practices."
The IA Clarington Inhance SRI Funds include the following stand-alone funds:
IA Clarington Inhance Bond SRI Fund (NEW)
IA Clarington Inhance Canadian Equity SRI Class
IA Clarington Inhance Global Equity SRI Class
IA Clarington Inhance Monthly Income SRI Fund
The following portfolios are a fund-of-fund program that each include all of the underlying IA Clarington Inhance SRI Funds:
IA Clarington Inhance Conservative SRI Portfolio
IA Clarington Inhance Balanced SRI Portfolio
IA Clarington Inhance Growth SRI Portfolio
For more information about IA Clarington Inhance Bond SRI Fund, please visit this page.
About IA Clarington Investments Inc.
As a subsidiary of Industrial Alliance Insurance and Financial Services Inc. – Canada's fourth-largest life and health insurance company – iA Clarington offers a wide range of investment products, including actively managed mutual funds, managed portfolio solutions, socially responsible investments and target date funds. As of December 31, 2016, iA Clarington has more than $14 billion in assets under management. For more information please visit www.iaclarington.com.
SOURCE IA Clarington Investments Inc.
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