TORONTO, April 12, 2012 /CNW/ - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced the launch of IA Clarington Strategic Corporate Bond Class. The Fund is a class of shares of Clarington Sector Fund Inc., a corporation offering class funds with exposure to Canadian and global equities, global balanced, as well as Canadian balanced and fixed income mandates.
IA Clarington Strategic Corporate Bond Class has exposure to high yield and corporate bonds and will provide tax-efficient income paid on a monthly basis through a Series T investment option. IA Clarington Strategic Income Class, which will be exposed to the portfolio of IA Clarington Strategic Income Fund, is expected to be available in May of this year.
"We're pleased to now be able to offer investors access to manager Dan Bastasic through a corporate class option," said Eric Frape, Senior Vice President, Product and Business Development at IA Clarington. "Dan has an award-winning track record and will be providing income-seeking investors with tax-efficient exposure to income producing investments."
IA Clarington provides investors with an extensive range of income solutions for both registered and non-registered accounts.
Dan Bastasic also manages IA Clarington Strategic Income Fund, IA Clarington Strategic Corporate Bond Fund and IA Clarington Strategic Equity Income Fund, along with segregated fund versions of the IA Clarington Strategic Equity Income Fund.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of investment products, including mutual funds and segregated funds managed by leading portfolio advisors. IA Clarington managed more than $10 billion in assets as at December 31st, 2011. www.iaclarington.com
For further information:
Equicom, a TMX Group Company
(416) 815-0700 ext. 251