TORONTO, Sept. 30, 2014 /CNW/ - IA Clarington Investments Inc. today launched the IA Clarington Global Growth & Income Fund (the "Fund").
Managed by Radin Capital Partners Inc. of Toronto, led by Brad Radin, Chief Investment Officer and award-winning portfolio manager, along with co-manager Joe Fei, the Fund seeks to provide investors with long-term capital appreciation and a monthly income stream by investing in equity securities and in a combination of income mutual funds.
"The IA Clarington Global Growth & Income Fund is a compelling global balanced solution that has the flexibility to invest anywhere globally with an allocation to income that can protect investors from the downside typically seen in fixed income when rates rise," says Eric Frape, Senior Vice President, Product and Investments. "Brad's signature value style can provide stability and capital growth while the income side of the portfolio managed by Jeff Sujitno aims to provide the protection of fixed income while attempting to minimize interest rate risk. This is an important consideration for most investors given the current environment."
Radin Capital Partners will manage the equity component of the Fund and make the overall asset allocation decisions. The equity portion aims to invest in stable, established and undervalued global companies for growth opportunities. Rather than traditional bonds, the income element of the Fund will invest in either IA Clarington Floating Rate Income Fund or IA Clarington Core Plus Bond Fund, depending on Radin's view of the markets. The ability to switch between the mandates is particularly relevant in the current interest rate environment.
Both funds are managed by Jeff Sujitno, Vice President and Portfolio Manager, IA Clarington Investments Inc. "Fixed income funds today must navigate through unchartered waters, which our IA Clarington mandates attempt to address, including the ability to provide stable and consistent income while seeking to protect capital in the current low interest rate environment," says Mr. Sujitno.
"We are excited to manage the IA Clarington Global Growth & Income Fund because it's a lower risk way for Canadian investors to benefit from global investing," says Mr. Radin. "The Fund will strive to achieve solid, long-term returns and also help protect capital by investing in larger companies from around the world."
Radin Capital Partners also manages the IA Clarington Global Opportunities Fund and IA Clarington Global Opportunities Class, with combined assets of about $350 million.
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 at August 31, 2014, IA Clarington has over $15 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 Radin Capital Partners
Radin Capital Partners Inc. is an independent investment management firm formed in 2011 by award- winning industry veteran Brad Radin. The firm specializes in global value investing and manages in excess of $400 million. Mr. Radin has over 22 years of experience in the investment industry, and the Radin Capital Partner's team has over 100 years of investment industry experience. Radin Capital Partners has managed the IA Clarington Global Opportunities Fund and IA Clarington Global Opportunities Class since November 2011. For more information, please visit www.radincapital.com
SOURCE: IA Clarington Investments Inc.
For further information: Crystal Quast, Senior Director, Media Relations, TMX Equicom (416) 815-0700 ext. 266, [email protected]