IA Clarington Investments is opening two funds: the IA Clarington Core Plus Bond Fund and the IA Clarington Focused U.S. Equity Class.
The IA Clarington Core Plus Bond Fund aims to provide financial advisors and investors a fixed income fund with the stability of investment grade corporate bonds while protecting against interest rate risk. It holds senior loans and other higher yielding securities.
The Core Plus Bond Fund will be managed by Jeff Sujitno.
The IA Clarington Focused U.S. Equity Class uses a value investing philosophy and aims to find quality stocks that have been overlooked or are currently out of favour due to short-term events or market conditions. It will be managed by David Taylor.