iA Clarington introduces actively managed, global multi-asset strategy Français
TORONTO, June 1, 2018 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") has announced that, effective today, IA Clarington Global Growth & Income Fund has been renamed IA Clarington Global Multi-Asset Fund (the "Fund") and is now sub-advised by PineBridge Investments LLC ("PineBridge"), a global asset manager with more than US$90 billion in assets under management.
An opportunistic multi-asset solution, the Fund is modeled after a differentiated PineBridge strategy that has helped meet the needs of retail and institutional investors across the Americas, Europe, the Middle East, Africa and Asia Pacific regions. Using an outcome-focused, target return approach, the Fund aims to generate an annualized return of CPI plus 5%* over rolling five-year periods. Other features of IA Clarington Global Multi-Asset Fund include:
- Ability to invest across the full spectrum of global investment opportunities (approximately 100 asset classes)
- Flexibility to adjust to changing market environments
- Research-intensive, fundamentally driven top-down asset allocation and rigorous bottom-up security selection
"With more than 200 investment professionals in 17 countries and a long, distinguished track record managing outcome-focused multi-asset solutions for clients around the world, PineBridge is a logical choice to sub-advise IA Clarington Global Multi-Asset Fund," said Eric Frape, Senior Vice-President, Product and Investments, iA Clarington.
"We believe the Fund can be an excellent option for the growing number of investors who are looking to leverage the full range of geographic regions and asset classes in today's increasingly complex market environment," said Michael J. Kelly, Global Head of Multi-Asset at PineBridge.
Speak with your financial advisor or visit iaclarington.com/GMAF to learn more about IA Clarington Global Multi-Asset Fund.
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 April 30, 2018, iA Clarington has more than $15 billion in assets under management. For more information, please visit iaclarington.com
About PineBridge Investments LLC
PineBridge Investments is a private, global asset manager focused on active, high-conviction investing. We draw on the collective power of our experts in each discipline, market, and region of the world through an open culture of collaboration designed to identify the best ideas. Our mission is to exceed clients' expectations on every level, every day. As of March 31, 2018, the firm managed US$90.5 billion across global asset classes for sophisticated investors around the world.
*CPI refers to Canadian Consumer Price Index, excluding energy and food; target return is gross of fees. 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.
For further information: Kari Meyer, Communications Manager, iA Clarington Investments, [email protected], T: 416-860-9880 x 2120
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