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IA Clarington launches trio of foreign fixed-income funds

Rudy Luukko 2 October, 2017 | 5:00PM

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.

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About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.

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