TORONTO, Nov. 11, 2013 /CNW/ - IA Clarington Investments Inc. ("IA
Clarington" or the "Company"), today announced the launch of two new
mandates, the IA Clarington Floating Rate Income Fund and the IA
Clarington Strategic U.S. Growth & Income Fund.
"These two offerings further strengthen our positioning in the large and
growing market to meet investors' demand for income," said Eric Frape,
Senior Vice-President, Investments and Products at IA Clarington. "We
have two extremely talented money managers in Jeff Sujitno and Dan
The IA Clarington Floating Rate Income Fund, managed by Jeff Sujitno,
Vice President and Portfolio Manager at IA Clarington, is well suited
to the current potential rising interest rate environment and is an
attractive alternative to rate-sensitive fixed income securities.
"While this is a relatively new asset class for Canadian advisors and
investors, investing in floating rate senior loans has been my
specialty for more than 13 years," said Mr. Sujitno. "Now, more than
ever, Canadians need to diversify their income sources and floating
rate loans provide them that opportunity."
In his most recent role, Mr. Sujitno was lead portfolio manager for the
fixed income and credit mandates of a boutique Canadian investment
firm. In this position, he managed several funds, led the fixed income
team and created the firm's senior loan business.
The IA Clarington Strategic U.S. Growth & Income Fund is managed by Dan
Bastasic, Senior Vice-President, Investments at IA Clarington. It will
invest in U.S. equities and fixed income, emphasizing a monthly income
"The U.S. has re-emerged as a key market for investors," said Mr.
Bastasic. "Our full capital structure analysis puts us in the perfect
position to act on catalysts whether it's on the equity side or the
Bastasic manages over $2.2 billion for IA Clarington in the Strategic
family of funds.
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 $14.4
billion in assets as at October 31, 2013. www.iaclarington.com
SOURCE: IA Clarington Investments Inc.
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