IA Clarington proposes fund changes

IA Clarington Investments is introducing a strategic U.S. growth and income mandate, which will be run by portfolio advisor Dan Bastasic.

“The U.S. is re-emerging as a key market for investors,” says IA Clarington president David Scandiffio.

Bastasic says, “The U.S. market can offer Canadian investors a necessary source of diversification for their investment portfolios…The years of recovery since the last recession have likely sowed the seeds for the next secular bull market as a deleveraging consumer, a recovering housing market and new found supplies of energy are laying the ground work for a multi-year investment opportunity.”

As a result of coming changes, a special meeting of investors will be held on September 25, 2013 to consider proposals that involve alternations to the investment objectives and strategies of the company’s distinction monthly income portfolio and distinction monthly income class.

The meeting will also address the merger of the IA Clarington Energy Class into IA Clarington Canadian Leaders Class.

Read: IA Clarington launches activist U.S. equity fund

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.