Quebec City-based Industrial Alliance Insurance and Financial Services Inc. (IA) introduced three new segregated funds on Monday, including one actively managed seg fund comprised of exchange-traded funds (ETFs).
The new additions to the IAG Savings and Retirement Plan fund lineup include: Global Diversified (Forstrong) Fund, Canadian Corporate Bond Fund and U.S. Equity – Currency Neutral Fund.
“We are very pleased to add these three new segregated funds, which will enable us to better meet the specific needs of our wide client base,” said Manon Gauthier, vice president, individual savings and retirement with IA, in a statement. “We are especially happy to be associated with a recognized leader that will ensure the active management of our first fund built exclusively with exchange-traded funds.”
Global Diversified (Forstrong) Fund, managed by Forstrong Global Asset Management Inc. (formerly HAHN Investment Stewards & Co., which IA acquired in 2013), lets investors access growth opportunities across all sectors worldwide through an actively managed portfolio of ETFs.
Canadian Corporate Bond Fund invests primarily in high-quality Canadian corporate bonds (rated BBB rating and up), which offer a higher yield than government bonds and are generally less sensitive to interest rate movements. A dedicated team of six portfolio managers with IA Investment Management manages this fund.
Finally, U.S. Equity – Currency Neutral Fund gives investors the opportunity to invest in the U.S. market while minimizing the effect of the exchange rate fluctuations between the U.S. and Canadian dollars, enabling investors to get a similar return to that on the U.S. market. The fund gets U.S. market exposure through the U.S. Equity Fund, managed by IA Investment Management’s Pierre Trottier.
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