iA Clarington lowers fees for IA Clarington Global Bond Fund, Series F, F5, EF and EF5
TORONTO, Jan. 16, 2018 /CNW/ - IA Clarington Investments Inc. ("iA Clarington") today announced that it will waive a portion of its fees for IA Clarington Global Bond Fund, Series F, F5, EF and EF5, effective immediately. The resulting Management Expense Ratio (MER) reductions are as follows:
| Previous |
New |
|
| IA Clarington Global Bond Fund, Series F |
1.15% |
0.99% |
| IA Clarington Global Bond Fund, Series F5 |
1.15% |
0.99% |
| IA Clarington Global Bond Fund, Series EF |
1.05% |
0.94% |
| IA Clarington Global Bond Fund, Series EF5 |
1.05% |
0.94% |
Launched in October 2017, IA Clarington Global Bond Fund is an unconstrained, multi-asset solution that actively seeks value across the full spectrum of fixed-income opportunities. The Fund is co-managed by Michael J. Kelly and Steven Oh of PineBridge Investments LLC, a global asset manager with over US$88 billion in assets under administration and more than 200 investment professionals in 17 countries.
To learn more about IA Clarington Global Bond Fund, speak with your financial advisor or visit iaclarington.com
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 November 30, 2017, iA Clarington has more than $15 billion in assets under management. For more information, please visit iaclarington.com
About PineBridge Investments LLC
PineBridge Investments LLC is a global asset manager with experience in emerging and developed markets, and investment capabilities in multi-asset, fixed income, equities and alternatives. PineBridge is differentiated by the integration of on-the-ground investment teams of more than 200 professionals around the world, providing investors with the combined benefits of global fundamental perspectives and analytical insights. PineBridge manages US$88.6 billion as of September 30, 2017 for a global client base that includes institutions, retail investors, insurance companies and intermediaries.
Legal: The decision to continue to waive fees is at the discretion of iA Clarington. MERs listed are inclusive of all applicable taxes. 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.
Kari Meyer, Communications Manager, iA Clarington Investments, [email protected], T: 416-860-9880 x 2120
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