ClaringtonFunds Inc. today announced that it has filed a preliminary prospectus for three new funds to be available for sale on the Clarington platform: IA Clarington Canadian Conservative Equity Fund; IA Clarington Dividend Income Fund; and IA Clarington Dividend Growth Fund.
Each of the three funds will invest directly in a mutual fund currently managed by Industrial Alliance Fund Management Inc.
“We are excited to add three of Industrial Alliance’s top products to our fund family,” said Terence Stone, vice chairman of IA Clarington, in a release. “This gives our investors and their advisors greater selection and the ability to easily purchase or exchange into one of these funds.”
The funds are being launched under the new IA Clarington name, which will be included in all joint sales and marketing initiatives and which will soon be part of the legal name of the combined organization.
“The new name reflects Industrial Alliance’s commitment to build on Clarington’s strong platform and brand,” said David Scandiffio, president of IA Clarington.
IA Clarington Canadian Conservative Equity Fund will invest in units of the IA Canadian Conservative Equity Fund.
IA Clarington Dividend Growth Fund will invest in units of the IA Dividend Growth Fund.
IA Clarington Dividend Income Fund will invest in units of the R Dividend Income Fund.