IA Clarington closing Target Click 2015 sales

IA Clarington Investments has announced it is closing the IA Clarington Target Click 2015 Fund to new sales effective 4 p.m. ET on November 11, 2011.

Due to the short term to maturity of the fund and the extended outlook for a low interest rate environment, the majority of the fund’s assets are being invested in federal and provincial strip bonds.

IA Clarington will commence waiving a portion of its management fees and will continue to actively manage the MER.

“Since their inception, the Target Click Funds have provided investors with a unique combination of growth and security, two things which are highly sought after, particularly in volatile markets,” said David Scandiffio, president, IA Clarington Investments Inc. “The Target Click Funds have delivered as designed, with the Target Click 2015 Fund outperforming many global balanced funds and with over 97% of all unitholders in a gain position.”

The other IA Clarington Target Click Funds have higher equity exposure and will remain open for sale.

Staff

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