IA Clarington Global Growth & Income Fund has been renamed IA Clarington Global Multi-Asset Fund and is now subadvised by New York-based PineBridge Investments LLC, Toronto-based IA Clarington Investments Inc. announced on Friday.
Using an outcome-focused, target return approach, the fund aims to generate an annualized return of the Canadian consumer price index plus 5% over rolling five-year periods.
The fund has the ability to invest across the full spectrum of global investment opportunities (approximately 100 asset classes), the flexibility to adjust to changing market environments, and driven top-down asset allocation and bottom-up security selection.
“We believe the fund can be an excellent option for the growing number of investors who are looking to leverage the full range of geographic regions and asset classes in today’s increasingly complex market environment,” says Michael Kelly, global head of multi-asset at PineBridge, in a statement.