IA Clarington Global Growth & Income Fund will be renamed IA Clarington Global Multi-Asset Fund and will be subadvised by New York-based PineBridge Investments LLC, IA Clarington Investments Inc., a subsidiary of Quebec City-based Industrial Alliance Insurance and Financial Services Inc., announced on Monday.
The fund will offer investors actively managed exposure to a broad range of geographic regions and asset class opportunities, in addition to flexibility to adjust to changing market environments.
Based on a PineBridge strategy to deliver risk-adjusted performance, the fund will take an outcome-focused approach and leverage the expertise of more than 200 investment professionals in 17 countries.
“An actively managed solution that invests opportunistically across a wide variety of regions and asset classes is critical to meeting the challenges of today’s market environment,” says Eric Frape, senior vice president of product and investments at IA Clarington Investments, in a statement.
Adds Michael J. Kelly, managing director and global head of multi-asset at PineBridge Investments, in a statement: “IA Clarington Global Multi-Asset Fund will be modelled after a strategy that for years has been helping institutional and retail clients in the U.S. and internationally achieve their investment objectives. We are very excited to have an opportunity to do the same for Canadian investors.