QUEBEC CITY, May 16, 2016 /CNW Telbec/ - iA Financial Group (Industrial Alliance Insurance and Financial Services Inc.) today announced the addition of three new funds to the already attractive IAG Savings and Retirement Plan fund line‑up.
Global Diversified (Forstrong)
The Global Diversified (Forstrong) Fund lets investors access growth opportunities across all sectors worldwide. It has the advantage of adapting quickly to fluctuations in the economy through its active approach, which is ensured by its senior manager, Tyler Mordy.
Founded in 2001, Forstrong Global Asset Management was the first Canadian management company to provide actively managed diversified global strategies made up of exchange-traded funds. Forstrong is now a recognized leader in global asset management and has been part of iA Financial Group since 2013. It manages over $600 million in assets.
Canadian Corporate Bond
The Canadian Corporate Bond Fund is a key complement to the fixed income portion of a balanced portfolio. The Fund's mandate consists in investing primarily in high-quality Canadian corporate bonds (BBB rating and up). These bonds offer a higher yield than government bonds and are generally less sensitive to interest rate movements.
The Canadian Corporate Bond Fund is managed by a dedicated team of six experts at iA Investment Management that focuses on corporate credits and manages over $7 billion in assets at iA Financial Group.
U.S. Equity – Currency Neutral
The U.S. Equity – Currency Neutral Fund gives investors the opportunity to invest in the U.S. market while minimizing the effect of U.S.-Canadian dollar exchange rate fluctuations, enabling investors to get a similar return to that on the U.S. market.
Exposure to the U.S. market is achieved by investing in the renowned U.S. Equity Fund managed by iA Investment Management's Pierre Trottier, who has over 20 years' experience in portfolio management and manages over $1.5 billion in assets.
"We are very pleased to add these three new segregated funds which will enable us to better meet the specific needs of our wide client base. They are an excellent enhancement to our already attractive fund family. We are especially happy to be associated with a recognized leader that will ensure the active management of our first fund built exclusively with exchange-traded funds," stated Manon Gauthier, Vice-President, Individual Savings and Retirement.
iA Financial Group is now the third largest player in Canada in the segregated fund industry in terms of assets.
About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and among the largest publicly traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.
SOURCE Industrial Alliance Insurance and Financial Services Inc.
For further information: Pierre Picard, Manager, Public Relations, Phone: 418-684-5000, ext. 1-1660, Email: [email protected], Website: www.ia.ca