New funds from IA Clar­ing­ton

Investment Executive - - FOCUS ON PRODUCTS -

Toronto-based IA Clar­ing­ton In­vest­ment Inc. has launched three mu­tual funds aimed at in­come-seek­ing in­vestors. IA Clar­ing­ton Emerg­ing Mar­kets Bond Fund is meant to pro­vide in­come and po­ten­tial cap­i­tal ap­pre­ci­a­tion through in­vest­ments in three main emerg­ing-mar­kets as­set classes: hard-cur­rency sov­er­eign bonds, local-cur­rency sov­er­eign bonds and cor­po­rate bonds. IA Clar­ing­ton Global Bond Fund has the same ob­jec­tive, but in­vests in up to 16 fixed-in­come as­set classes from around the world, with a fo­cus on mar­kets out­side Canada. New York-based PineBridge In­vest­ments LLC is the port­fo­lio man­ager for both funds. IA Clar­ing­ton Global Yield Op­por­tu­ni­ties Fund, on the other hand, is co-man­aged by Clé­ment Gignac, In­dus­trial Al­liance In­surance and Fi­nan­cial Ser­vices Inc.’s se­nior vice pres­i­dent and chief econ­o­mist, and Tyler Mordy, pres­i­dent and chief in­vest­ment of­fi­cer of Forstrong Global As­set Man­age­ment Inc. That fund aims to of­fer in­vestors a monthly in­come stream and a modest to­tal in­vest­ment re­turn by in­vest­ing pri­mar­ily in IA Clar­ing­ton mu­tual funds that, in turn, in­vest in a broad range of ge­ogra­phies and in­come-ori­ented as­set classes. For full de­tails on these mu­tual funds, in­clud­ing fees, visit www.iaclar­ing­­e­yond.

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