iA Clarington has announced the launch of three new funds for income-seeking investors and a new sub-advisory relationship with PineBridge Investments LLC, a global asset manager.
The company says the new funds are designed for investors who may not be receiving the income they need from traditional, domestic fixed income. “iA Clarington's new funds offer the yield-enhancing potential of active, high-conviction exposure to a wide range of geographic regions and income-producing asset classes,” says an announcement issued Oct. 2.
Emerging market asset classes
The first of the new funds is the IA Clarington Emerging Markets Bond Fund managed by PineBridge. It invests in the three main emerging market asset classes: hard currency sovereign bonds, local currency sovereign bonds and corporate bonds
The second is the IA Clarington Global Bond Fund, also managed by PineBridge. This fund invests in up to 16 fixed-income asset classes “using an unconstrained, global approach,” says the company.
Monthly income and capital growth
The third is the IA Clarington Global Yield Opportunities Fund, which is managed by Clément Gignac, Chief Economist, iA Financial Group and Tyler Mordy, President and Chief Investment Officer of iA Clarington sub-advisor Forstrong Global Asset Management. The Fund targets consistent monthly income and capital growth.