TORONTO, July 14 /CNW/ - IA Clarington Investments Inc. ("IA Clarington"
or the "Company") today announced that it has expanded its line-up of Target
Click Funds (the "Funds") by launching the IA Clarington Target Click 2030
Fund (the "2030 Fund"). The new Fund has a target maturity date of June 30,
2030, allowing investors a longer time horizon, the benefit of an initially
higher equity weighting and greater potential for growth.
The Target Click Funds are global balanced mutual funds that provide a
guaranteed value at maturity, thereby providing protection for an investors'
initial investment. If held to the scheduled maturity date, each Fund benefits
from the guarantee of the highest month-end unit value ever achieved over the
life of the Fund. To date, the guaranteed value for each of the Funds, other
than the 2030 Fund, has increased repeatedly since inception.
"The Target Click Funds provide exposure to the growth potential of
global equity markets, while locking in month-end gains to provide downside
protection when held to maturity. With the addition of the IA Clarington
Target Click 2030 Fund, investors will have an option with a longer investment
time horizon, greater equity exposure and growth potential with the
guarantee," said Eric Frape, Senior Vice President, Product and Business
Development at IA Clarington. "As it approaches maturity, each Fund's asset
mix becomes more conservative and its fees also decline. The significant
interest we are seeing in these products strongly reinforces the benefits of
this investment strategy, particularly in periods of market volatility like
we've seen recently," added Frape.
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, segregated funds, principal protected notes
and closed end funds managed by leading portfolio managers. IA Clarington and
its subsidiaries managed approximately $7.9 billion in investment fund assets
as at May 31, 2008. The company's website address is www.iaclarington.com.
About the Guarantee
Fortis Bank S.A./N.V. has provided a guarantee to each IA Clarington
Target Click Fund (Fund) that the Fund will have sufficient assets on its
maturity date to pay investors the higher of $10 and the highest-month end net
asset value per unit achieved during the life of the Fund. Each Fund's
maturity date will occur on June 30 of the year specified in the Fund's name.
Investors who redeem prior to the Fund's maturity date will not have the
benefit of the guarantee, and will receive the net asset value per unit as of
the redemption date. In addition, in some circumstances, the maturity date for
a Fund may be accelerated, in which case the guarantee will cover payment only
of the net present value of the guaranteed amount, and normal redemption
charges for DSC or low load assets would apply. In either of these situations,
an investor could receive less than the guaranteed value and less than the
amount of his or her initial investment. The guarantee is an unsecured
obligation of Fortis Bank S.A./N.V. and any payment under the guarantee is
subject to the risk that the bank will have insufficient assets to make the
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 generally guaranteed, their values change
frequently and past performance may not be repeated. However, each IA
Clarington Target Click Fund has the benefit of the guarantee described above.
The information contained above may include estimates, projections and other
"forward-looking statements." Actual events may differ substantially from
those presented herein. IA Clarington Investments Inc. assumes no duty to
update any such forward-looking statements or any other information or
opinions in this document. IA Clarington makes no representation that future
investment performance will conform to past performance and it should never be
assumed that past performance foretells future performance. On July 4, 2007,
Clarington Target Click Funds changed their name to IA Clarington Target Click
The IA Clarington Funds and IA Clarington Target Click Funds are managed
by IA Clarington Investments Inc. IA Clarington is a trademark of IA
Clarington Investments Inc. and the IA Clarington logo is a trademark of
Industrial Alliance Insurance and Financial Services Inc.
For further information:
For further information: Eric Frape, Senior Vice President, Product and
Business Development, IA Clarington Investments Inc., (416) 585-8815,