TORONTO, June 8, 2012 /CNW/ - IA Clarington Investments Inc. ("IA
Clarington" or the "Company"), today announced the launch of three new
investment solutions to be managed by award-winning portfolio manager
David Taylor of Taylor Asset Management Inc. ("Taylor Asset
Management"). Mr. Taylor will manage IA Clarington Focused Canadian
Equity Class, and will partner with award-winning income specialist Dan
Bastasic of IA Clarington to manage IA Clarington Focused Balanced Fund
and IA Clarington Focused Balanced Class.
Mr. Taylor has over 24 years of experience in the investment industry.
Most recently he oversaw more than $8 billion in assets and managed a
number of funds at a large Canadian investment management firm, before
leaving in 2011 to form Taylor Asset Management. Funds under the
direction of Mr. Taylor have received several industry awards in the
Canadian equity and balanced fund categories.
"At IA Clarington, we believe that together, active advice and active
portfolio management can help investors maximize their wealth and reach
their financial goals. Partnering with David Taylor is consistent with
our philosophy of appointing experienced managers with high conviction
views and proven track records of outperformance," said David
Scandiffio, President of IA Clarington.
These core funds will provide investors with access to a distinct
investment strategy for their portfolios.
"I am excited to be managing these funds for IA Clarington," said Mr.
Taylor. "The firm is well respected in the advisor community and it is
important for me to partner with a team that shares my commitment to
advisors. IA Clarington has a very strong stable of reputable
portfolio managers, and I'm proud to now be part of that line-up."
A core equity fund, IA Clarington Focused Canadian Equity Class will
invest in a concentrated mix of Canadian equity securities with the
flexibility to invest up to 49% in U.S. and other foreign securities.
The fund will capitalize on Mr. Taylor's strict fundamentals-based
research methodology aimed at finding attractively priced stocks of
IA Clarington Focused Balanced Fund and Class will include a blend of
equities and corporate bonds, to provide a balance of long-term capital
growth and a moderate level of income, relying on Dan Bastasic for its
fixed income component. IA Clarington Focused Balanced Class will
provide monthly tax efficient distributions.
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 outstanding money managers from across Canada and around the
world to manage its funds. IA Clarington managed more than $11.2
billion in assets as at April 30, 2012. www.iaclarington.com
About Taylor Asset Management
Taylor Asset Management Inc. is an independent investment management
firm, founded by award-winning portfolio manager David Taylor to meet
the needs of individual and institutional investors. Our
research-intensive, risk-sensitive, fundamentals-based investment
process focuses on identifying securities that are undervalued to
develop portfolios that deliver strong long-term growth consistent with
SOURCE IA Clarington Investments Inc.
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