iA Clarington launches fund and announces multiple changes

Toronto-based iA Clarington Investments Inc. has launched a global equity fund. iA Clarington Loomis Global Equity Opportunities Fund uses a high-conviction strategy and aims to identify high-quality companies with the potential for higher total return. The fund invests in 35 to 65 holdings and is actively subadvised by Loomis Sayles & Co. LP. Advisor commissions are 0%-5% for front-end sales, 5% for deferred sales and 2.5% for the low-load option. Redemption fees begin at 5.75% in Year 1 and end at zero after Year 7 for the regular DSC schedule, or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 1% for front-end sales; 0.5% for the first seven years of deferred sales, and 1% thereafter; and 0.5% for the first three years of the low-load option, and 1% thereafter. Management fees are 1.90% for A-class units, 1.75% for E-class units and 0.80% for F-class units. Minimum investment is $500.

The firm also announced last month that all funds in the iA Clarington Inhance SRI suite now are fossil-fuel free. That lineup, which is subadvised by Vancouver-based Vancity Investment Management Ltd., consists of four stand-alone mutual funds and three all-in-one portfolio solutions. None of those funds will invest in oil, gas or coal producers, pipeline companies, natural gas distribution utilities or liquefied natural gas operations.