TORONTO, May 31, 2012 /CNW/ - IA Clarington Investments Inc. ("IA Clarington" or the "Company"), today announced the launch of IA Clarington Strategic Income 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 Income Class provides investors with exposure to both investment grade and high yield bonds along with income-generating equities. IA Clarington Strategic Income Class will also offer tax-efficient monthly distribution options.
"We're pleased to now be able to offer investors increased access to manager Dan Bastasic through this 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, IA Clarington Strategic Corporate Bond Class 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. The Company's philosophy is to select outstanding money managers from across Canada and around the world to manage its funds. IA Clarington managed more than $11.2 billion in assets as at April 30, 2012. www.iaclarington.com
For further information:
Equicom, a TMX Group Company
(416) 815-0700 ext. 251