IA Clarington Investments Inc. today announced an expansion of its fixed-income offerings with the launch of three new mutual funds investing outside Canada.
IA Clarington Global Bond and IA Clarington Emerging Markets Bond are both sub-advised by newly hired PineBridge Investments LLC, which is based in New York and has more than US$85 billion in assets under management globally.
IA Clarington Global Bond will invest primarily outside Canada in investment-grade and non-investment-grade securities issued by government entities and corporations, as well as bonds issued by emerging-market countries. The fund may also hold other income-producing investments such as senior loans, floating-rate debt instruments, asset-backed or mortgage-backed securities, preferred shares and convertible securities.