Toronto-based iA Clarington Investments Inc. unveiled three funds and announced a subadvisory relationship with PineBridge Investments LLC.
PineBridge Investments will manage two of the three new funds, IA Clarington Emerging Markets Bond Fund and IA Clarington Global Bond Fund. IA Clarington Emerging Markets Bond Fund invests in hard currency sovereign bonds, local currency sovereign bonds and corporate bonds, while IA Clarington Global Bond Fund invests in up to 16 fixed-income asset classes.
IA Clarington Global Yield Opportunities Fund will be handled by Clément Gignac, chief economist of iA Financial Group, and Tyler Mordy, president and chief investment officer of iA Clarington subadviser Forstrong Global Asset Management Inc. The fund invests primarily in iA Clarington mutual funds.
Toronto-based iA Clarington Investments is a subsidiary of Industrial Alliance Insurance and Financial Services Inc.