IA Clarington launches global growth and income fund

IA Clarington is launching a global growth and income fund.

The fund aims to provide investors with long-term capital appreciation and a monthly income stream by investing in equity securities and in a combination of income mutual funds.

Read: Fiera launches income fund

It’s managed by Radin Capital Partners and it’s co-managed by Brad Radin, Chief Investment Officer and portfolio manager and Joe Fei. They will make overall asset allocation decisions. The equity portion aims to invest in stable, established and undervalued global companies for growth opportunities. Rather than traditional bonds, the income element of the Fund will invest in either IA Clarington Floating Rate Income Fund or IA Clarington Core Plus Bond Fund.

Read: Two new funds from IA Clarington

Both funds are managed by Jeff Sujitno, vice president and portfolio manager, IA Clarington Investments

Radin Capital Partners also manages the IA Clarington Global Opportunities Fund and IA Clarington Global Opportunities Class, with combined assets of about $350 million.

Read: Equity run isn’t done

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