IA Clarington Investments has launched two new funds: the IA Clarington U.S. Equity Opportunities Fund, a liquid alternatives offering, and the IA Clarington International Equity Fund.
The IA Clarington U.S. Equity Opportunities Fund is sub-advised by MacKay Shields LLC. The IA Clarington International Equity Fund is managed by Industrial Alliance Investment Management.
"Recent regulatory changes provide retail mutual funds with significantly wider latitude in the use of short selling, leverage and other alternative strategies. IA Clarington U.S. Equity Opportunities Fund, which features a long/short approach to equity investing, is a liquid alternative solution that offers Canadians a new way of generating enhanced return potential from the U.S. equity market," said Eric Frape, Senior Vice-President, Product & Investments, iA Clarington. "With the launch of IA Clarington International Equity Fund, iA Clarington continues to demonstrate its commitment to providing Canadian investors with active, diversified core solutions at attractively low fees," said Frape.