iA Clarington launches global and emerging market funds for income-seeking investors
Oct 02, 2017, 09:15 ET
TORONTO, Oct. 2, 2017 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") today announced the launch of three new funds and its new sub-advisory relationship with PineBridge Investments LLC ("PineBridge Investments"), a global asset manager with over US$85 billion in assets under management.
"We are very excited to be partnering with PineBridge Investments as we expand our active income offerings," says Eric Frape, Senior Vice-President, Product & Investments, iA Clarington. "With its global footprint, local knowledge and deeply experienced, research-driven portfolio managers, PineBridge Investments is impressively positioned to deliver the income solutions many investors are looking for."
Designed for investors who may not be receiving the income they need from traditional, domestic fixed income, iA Clarington's new funds offer the yield-enhancing potential of active, high-conviction exposure to a wide range of geographic regions and income-producing asset classes.
"In addition to our exciting new partnership with PineBridge Investments, we are also thrilled to offer investors a new income solution that brings together the experience and expertise of iA Financial Group Chief Economist Clément Gignac, Forstrong Global Asset Management President and CIO Tyler Mordy and the broad, deep bench strength of iA Clarington's active portfolio managers," says Eric Frape.
IA Clarington Emerging Markets Bond Fund
- Managed by PineBridge Investments, the Fund invests in the three main emerging market asset classes: hard currency sovereign bonds, local currency sovereign bonds and corporate bonds
- Offers potential for higher yields and reduced interest rate risk compared to traditional fixed income
IA Clarington Global Bond Fund
- Managed by PineBridge Investments, the Fund invests in up to 16 fixed-income asset classes using an unconstrained, global approach
- Offers potential for higher yields and reduced interest rate risk compared to traditional fixed income
IA Clarington Global Yield Opportunities Fund
- Managed by Clément Gignac, Chief Economist, iA Financial Group and Tyler Mordy, President and Chief Investment Officer of iA Clarington sub-advisor Forstrong Global Asset Management, the Fund targets consistent monthly income and capital growth
- Invests primarily in iA Clarington mutual funds, with broad diversification by geographic region and across a range of income-oriented asset classes
"Global and emerging market fixed-income offer investors a diverse range of opportunities that can help them overcome the challenges posed by the low-yield, rising interest rate environment at home," says Michael Kelly, Managing Director and Global Head of Multi-Asset, PineBridge Investments.
To learn more about iA Clarington's three new income funds, speak with your financial advisor or visit iaclarington.com/gobeyond
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 August 31, 2017, iA Clarington has more than $14 billion in assets under management. For more information, please visit iaclarington.com
About Forstrong Global Asset Management Inc.
Forstrong Global Asset Management Inc. was founded in 2001, with the express purpose of providing institutional-quality active global asset allocation strategies to investors. With over 100 years of combined global macroeconomic investing experience, their investment team has delivered consistent, low downside returns for clients in constantly changing markets. Forstrong is a subsidiary of Industrial Alliance Insurance and Financial Services.
About PineBridge Investments LLC
PineBridge Investments is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. Our firm is differentiated by the integration of on-the-ground investment teams providing investors with the combined benefits of global fundamental perspectives and analytical insights. We manage US$85.5 billion as of 30 June 2017 for a global client base that includes institutions, insurance companies, and intermediaries.
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: To learn more about iA Clarington's three new income funds, speak with your financial advisor or visit iaclarington.com/gobeyond