Toronto-based IA Clarington Investments Inc. Thursday announced the launch of IA Clarington Strategic Income Class, a new corporate class fund managed by Dan Bastasic.
Bastasic also manages IA Clarington Strategic Income Fund, IA Clarington Strategic Corporate Bond Fund, IA Clarington Strategic Corporate Bond Class and IA Clarington Strategic Equity Income Fund, along with segregated fund versions of the IA Clarington Strategic Equity Income Fund.
IA Clarington Strategic Income Clas, which is a class of shares of Clarington Sector Fund Inc., provides investors with exposure to both investment grade and high yield bonds along with income-generating equities. It will also offer tax-efficient monthly distribution options.
“Dan has an award-winning track record and will be providing income-seeking investors with tax-efficient exposure to income producing investments,” said Eric Frape, senior vice president, product and business development at IA Clarington, in a release.