Terry Thib named as portfolio manager to enhance IA Clarington Canadian Conservative Equity Fund's long-standing focus on quality, income-oriented equities
TORONTO, April 1, 2016 /CNW/ - IA Clarington Investments Inc. ("iA Clarington" or the "Company") announced today that it will be added as sub-advisor to the IA Clarington Canadian Conservative Equity Fund (the "Fund"), with Terry Thib acting as a portfolio manager. Thib will work alongside current sub-advisor Leon Frazer & Associates Inc. ("Leon Frazer") on the Fund.
The Leon Frazer investment team, led by Doug Kee, who guides investment strategy for the firm, will continue its sub-advisory role with the Fund, acting to ensure that the long-standing principles that are a hallmark of the firm continue to remain at the forefront of their investment approach.
"We see this as an opportunity to enhance and broaden what is already a well-established offering for yield-oriented investors in Canada. Terry's investment experience will bring added diversity that is essential to maintaining a conservative return profile for the Fund in a period of heightened volatility," said Carl Mustos, President of iA Clarington Investments. "As markets evolve, the Fund's positioning can shift to take advantage of broader investment opportunities, while still maintaining a focus on the core philosophy of investing in income-oriented equities that are the backbone of the Canadian market."
With experience and a background in U.S. and Canadian equities, Thib complements the disciplined, yield-oriented, value approach that Leon Frazer has held at the core of its investment philosophy for more than 75 years.
In addition to his role working alongside Leon Frazer on the Fund, Thib will continue to lead the management of IA Clarington North American Opportunities Class and IA Clarington Growth & Income Fund.
Thib joined the iA Clarington investment management team as a Portfolio Manager and Vice-President, Investments in 2014. Thib has more than 10 years of investment experience and was selected as a TopGun Investment Mind by Brendan Wood International in 2012, 2014 and 2015. He is a CFA charterholder with an MBA from the Schulich School of Business. He also holds a MESc from Western University, and is a professional engineer.
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 of February 29, 2016, iA Clarington has more than $13 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
About Leon Frazer
Established in 1939 as one of Canada's first investment counselling firms, Leon Frazer & Associates has built an enviable track record investing in Canadian companies and has established a reputation as one of Canada's leading authorities on dividend investing. Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance) acquired Leon Frazer & Associates Inc. on Oct. 1, 2013. With $1.6 billion (as of February 29, 2016) under management, the firm has offices in Toronto, Vancouver, and Calgary. For more information please visit www.leonfrazer.com
SOURCE IA Clarington Investments Inc.
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