IA Clarington launches new bond fund

IA Clarington Investments has launched a new bond fund which will focus on corporate and high yield fixed income securities with an expected average credit rating of between B and BBB.

The IA Clarington Strategic Corporate Bond Fund will be run by award-winning portfolio manager Dan Bastasic, who recently joined IA Clarington from Mackenzie Financial.

“The economic realities facing investors have changed dramatically. An aging population combined with historically low interest rates creates a significant challenge for those in need of income,” says Bastasic. “Opportunities are present in the corporate and high yield credit markets that allow us to seek out equity-like return profiles with considerably less risk than most equity investments.”

Bastasic also manages the IA Clarington Strategic Income Fund and the IA Clarington Strategic Equity Income Fund.

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