It also renames an existing mandate
iA Clarington Investments has announced the launch of three new funds and the renaming of the IA Clarington Global Value Fund to the IA Clarington Global Multifactor Equity Fund.
The new funds include the IA Clarington Global Equity Plus Portfolio, the IA Clarington Global Balanced Plus Portfolio (collectively referred to as the Global Plus Portfolios), and the IA Clarington Loomis International Growth Fund.
The Global Plus Portfolios are managed by iA Global Asset Management Inc, while the IA Clarington Loomis International Growth Fund is sub-advised by Loomis, Sayles & Company, LP.
Global Plus Portfolios
The Global Plus Portfolios are managed by Tej Rai, senior vice-president, asset allocation at iAGAM. They offer a one-ticket solution to various investment styles, aiming to provide strong risk-adjusted returns and smoother returns across different market conditions.
The IA Clarington Global Equity Plus Portfolio is an equity-focused solution comprising three underlying funds:
- IA Clarington Loomis Global Equity Opportunities Fund, sub-advised by Loomis Sayles
- IA Clarington Global Equity Fund, sub-advised by QV Investors Inc.
- IA Clarington Global Dividend Fund, managed by Dan Rohinton, Vice-President & Portfolio Manager, Global Dividend, iAGAM
Meanwhile, the IA Clarington Global Balanced Plus Portfolio includes approximately 40% fixed income exposure and features four underlying funds:
- IA Clarington Loomis Global Allocation Fund and IA Clarington Loomis Global Multisector Bond Fund, sub-advised by Loomis Sayles
- IA Clarington Strategic Income Fund and IA Clarington Strategic Corporate Bond Fund, managed by Dan Bastasic, Senior Vice-President, Investments & Portfolio Manager, iAGAM
Catherine Milum, president and CEO of iA Clarington, said in a news release that the portfolios were born out of requests from advisors who are looking for “our top mandates in a one-ticket offering.”
“With the Global Plus Portfolios, clients have two diversified core solutions that make it easier than ever to stay invested through the ups and downs of the market, while advisors have the added convenience of an all-in-one portfolio,” Milum explained further.
IA Clarington Loomis International Growth Fund
The IA Clarington Loomis International Growth Fund is managed by Aziz Hamzaogullari, founder, chief investment officer & portfolio manager, growth equity strategies, Loomis Sayles. It provides long-term investors with an alpha-focused investment solution based on a disciplined bottom-up investment process.
Key features include:
- Actively managed international equity strategy aiming for strong long-term risk-adjusted excess return.
- A long-term private equity approach to growth investing, similar to the IA Clarington Loomis US All Cap Growth Fund.
- Investment in high-quality businesses with sustainable competitive advantages, trading at a significant discount to intrinsic value.
- A high-conviction portfolio of 30-45 stocks, with up to 20% exposure to the US and Canada.
“iA Clarington is proud to be the exclusive Canadian provider of a wide range of Loomis Sayles’ retail mandates,” said Milum. “The addition of Mr. Hamzaogullari’s International Growth strategy to this proven suite of funds gives investors a compelling option for enhanced alpha-generation potential and one more way to access the expertise of a world-class portfolio manager.”
Renaming of IA Clarington Global Value Fund
The IA Clarington Global Value Fund will also be renamed to IA Clarington Global Multifactor Equity Fund, pending regulatory approval.
Managed by Sébastien Vaillancourt, senior director & portfolio manager, quantitative equities, iAGAM, and Jean-René Adam, senior vice-president, head of public equities, iAGAM, the fund focuses on maximizing risk-adjusted return potential through a rigorous screening process. This process identifies companies with strong momentum, quality, and value characteristics, aiming to eliminate human biases in investment decision-making.
Despite the name change, the investment objective of the fund remains unchanged.
