TORONTO, May 30, 2019 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") today announced a number of portfolio manager and fund name changes, effective immediately.
"We monitor our funds to ensure they are well positioned for the opportunities and complexities of today's market landscape. The changes we've made to our portfolio manager lineup reflect our commitment to offering active, high-conviction solutions tailored to the evolving needs and expectations of our clients," said Eric Frape, Senior Vice-President, Products & Investments, iA Clarington.
While the objective of each affected mandate remains unchanged, the new portfolio management teams will bring to the funds their unique, time-tested investment strategies for pursuing superior outcomes for investors.
Summary of changes
Previous fund name |
New fund name |
New portfolio manager(s) |
IA Clarington Sarbit U.S. Equity Fund |
IA Clarington U.S. Equity Currency Neutral Fund1 |
Joe Jugovic & Mathew Hermary QV Investors Inc. |
IA Clarington Sarbit U.S. Equity Class (Unhedged) |
IA Clarington U.S. Equity Class1 |
Joe Jugovic & Mathew Hermary QV Investors Inc. |
IA Clarington Focused U.S. Equity Class |
IA Clarington Thematic Innovation Class |
Jean-Pierre Chevalier Industrial Alliance Investment Management Inc. |
IA Clarington Focused Canadian Equity Class |
No change |
Peter Prattas & Michael Formuziewich IA Clarington Investments Inc. |
IA Clarington Focused Balanced Fund |
No change |
Dan Bastasic IA Clarington Investments Inc. |
IA Clarington Focused Balanced Class |
No change |
Dan Bastasic IA Clarington Investments Inc. |
IA Clarington U.S. Dividend Growth Fund |
No change |
Donny Moss Industrial Alliance Investment Management Inc. |
IA Clarington U.S. Dividend Growth Registered Fund |
No change |
Donny Moss Industrial Alliance Investment Management Inc. |
IA Clarington Global Value Fund |
No change |
Jean-Pierre Chevalier joins Sevgi Ipek & Pierre Chapdelaine Industrial Alliance Investment Management Inc. |
For more information on these changes, please speak with your financial advisor or visit iaclarington.com/updates
About IA Clarington Investments Inc.
An indirect wholly owned subsidiary of iA Financial Corp Inc. and a wholly owned 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, Active ETF Series and socially responsible investments. As of April 30, 2019, iA Clarington has more than $15 billion in assets under management. For more information, please visit iaclarington.com
About Industrial Alliance Investment Management Inc.
Industrial Alliance Investment Management Inc. operates as a subsidiary of Industrial Alliance Insurance and Financial Services Inc. It was founded in 2004 and is based in Quebec. With over 100 investment professionals, iAIM manages general portfolios, segregated funds and mutual funds for the Industrial Alliance Group. As of March 31, 2019, iAIM has more than $94 billion in assets under management.
About QV Investors Inc.
QV Investors Inc. is an independent, Canadian investment manager committed to providing excellence in security selection, portfolio management and client communication. Founded in 1996, QV stands for "Quality" and "Value". These characteristics resonate through the firm's culture and investment principles, from the analysis of investments to the competitive fees that it offers to clients. QV manages money on behalf of pension funds, insurance companies, mutual fund companies, foundations, endowments and high-net-worth private clients. As of March 31, 2019, QV Investors managed $12.4 billion in assets; $11.6 billion for institutional clients and $0.8 billion for individuals and their families. For more information, visit www.qvinvestors.com
1Series EF will be merged into Series F for IA Clarington U.S. Equity Class and IA Clarington U.S. Equity Currency Neutral Fund. Current Series EF investors may continue to make purchases and systematic plans will remain in place until the merger date. In both cases, fee rebates will result in Series F fees that match reduced Series EF fees. The series merger will take place on or about July 26, 2019. Commissions, trailing commissions, management fees, brokerage fees and expenses all may be associated with mutual fund investments, including investments in exchange-traded series of mutual funds. 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 ext. 8070
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