TORONTO, Jan. 29, 2016 /CNW/ - IA Clarington Investments Inc. (iA Clarington) announced today it has launched three new funds to better meet the ever evolving needs of investors. The addition of these funds further strengthens the iA Clarington fund lineup by providing investors with a diversified, multi-asset income solution, a tax-advantaged solution for registered accounts, and a pure U.S. dollar income solution.
The three newly launched funds are:
IA Clarington Yield Opportunities Fund, Lead Portfolio Manager, Clément Gignac – This fund seeks to provide a steady monthly income stream and modest return by investing in a mix of investment grade and high-yield fixed-income securities, equity securities that pay dividends and other securities that distribute income.
"Investors need to look for alternative sources of income in today's low interest rate environment. The IA Clarington Yield Opportunities Fund provides multiple streams of income from several different sources, ensuring not only effective diversification, but a more durable portfolio for all market environments," said Eric Frape, Senior Vice President, Products & Investments at iA Clarington.
IA Clarington U.S. Dividend Growth Registered Fund, Portfolio Manager, Pierre Trottier – This fund seeks to provide long-term capital appreciation and total return while protecting capital by investing primarily in a diversified portfolio of equity securities of large capitalization U.S. corporations with a focus on dividend growth. The fund is available through registered accounts only.*
"The IA Clarington U.S. Dividend Growth Registered Fund, with its tax-advantaged solution, eliminates the 15-percent withholding tax on income from U.S. securities, enabling investors to potentially increase and compound returns," added Frape.
IA Clarington U.S. Dollar Floating Rate Income Fund, Portfolio Manager, Jeff Sujitno – This fund is a pure U.S. dollar income solution designed for investors looking to buy and invest in U.S. currency. The fund seeks to provide a stream of current monthly income in U.S. dollars by investing primarily in senior floating rate loans, other floating rate securities and debt obligations of investment grade and non-investment grade North American and global corporate issuers.
*For qualifying registered accounts. Please see prospectus for more information.
About iA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of distinctive and outcome-based investments, including actively managed mutual funds, portfolio solutions, socially responsible investments and target date funds. As at December 31, 2015, iA Clarington has nearly $14 billion in assets under management and distributes its investment solutions to retail investors through advice-based distribution channels. For more information please visit www.iaclarington.com.
SOURCE IA Clarington Investments Inc.
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