TORONTO, June 26, 2018 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") has announced that IA Clarington Global Tactical Income Fund, sub-advised by Loomis, Sayles & Company, L.P. ("Loomis Sayles"), has been renamed IA Clarington Global Allocation Fund ("the Fund"). There has been no change to the Fund's investment objective or strategy.
Since Loomis Sayles took over its management in 2015, the Fund has been modeled after the highly successful U.S.-domiciled Loomis Sayles Global Allocation Fund.1 "By renaming the Fund, we're formally recognizing its pedigree in a strategy that has helped many U.S. investors achieve their financial goals," said Eric Frape, Senior Vice-President, Product & Investments at iA Clarington.
Key features of IA Clarington Global Allocation Fund:
- Flexible strategy that can invest across the full spectrum of global equity and fixed-income opportunities
- Concentrated, yet diversified equity portfolio and a performance-driven fixed-income sleeve that complements, rather than hedges, the equity component
- Research-intensive, bottom-up security selection
"The Fund takes all of the very best ideas from across Loomis Sayles and brings them together in one solution. The result is a fund that looks nothing like the benchmark, which is exactly what investors expect from experienced active managers seeking to add value beyond the benchmark," said David Rolley, portfolio manager and co-team leader of the global fixed income group and emerging market debt group at Loomis Sayles.
To learn more about IA Clarington Global Allocation Fund, speak with your financial advisor or visit iaclarington.com/GAF
iA Clarington has also announced that the risk rating for Distinction Prudent Class has been changed from Low to Low-to-Medium. The change is a result of the implementation of the updated risk classification methodology for mutual funds introduced by the Canadian Securities Administrators. No change has been made to Distinction Prudent Class' investment objective or strategy.
About IA Clarington Investments Inc.
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 and socially responsible investments. As of May 31, 2018, iA Clarington has more than $15 billion in assets under management. For more information, please visit iaclarington.com
About Loomis Sayles
Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm's performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assess market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive sustainable returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $266.7 billion** in assets (as of March 31, 2018).
**Includes the assets of Loomis, Sayles & Co., L.P., and Loomis Sayles Trust Company, LLC. Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, L.P.
1Loomis Sayles Global Allocation Fund is not available for sale in Canada. The purpose of information presented on Loomis Sayles Global Allocation Fund is to indicate the portfolio manager's ability to manage a fund that may have similar investment objectives and/or strategies to the IA Clarington Global Allocation Fund. It does not imply similar or future performance. There may be differences between the funds that may affect performance, including but not limited to fee structures. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The iA Clarington Funds are managed by IA Clarington Investments Inc. iA Clarington and the iA Clarington logo are trademarks of Industrial Alliance Insurance and Financial Services Inc. and are used under license.
SOURCE IA Clarington Investments Inc.
Rob Martin, VP, Product Management & Marketing, iA Clarington Investments, [email protected], T: 416-860-9880 x 8070
Share this article