Three new funds from IA Clarington

Toronto-based IA Clarington Investments Inc. has launched three new mutual funds: Forstrong Global Strategist Income Fund, Forstrong Global Strategist Growth Fund and Forstrong Global Strategist Balanced Fund. All three funds are actively managed and seek to provide investors with exposure to global regions, including developing markets, as a means of mitigating possible home bias in Canadian retail investors’ portfolios. Kelowna, B.C.-based Forstrong Global Asset Management Inc., led by Tyler Mordy, the firm’s president, chief investment officer and portfolio manager, will act as subadvisor for the funds. Advisor commissions on all three funds are 0%-5% for front-end sales; 5% for deferred sales; or 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; or 0.5% for the first three years of low-load sales, and 1% thereafter. Management fees are 1.85% for A-class units and 0.85% for F-class units. Minimum investment is $500 for A-class units and $10,000 for F-class units.

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