On The Shelf:

(July 14, 2008) IA Clarington Investments has announced an expansion to its corporate class fund lineup, adding five multi-manager portfolios and two mutual funds.

The added portfolios include the series A and M units of the Distinction Prudent, Conservative, Balanced, Growth, and Bold portfolios. Series A and F units of the IA Clarington Canadian Leaders fund and IA Clarington Canadian Small Cap fund are also added to the corporate class roster.

“Investors now have the ability to switch between a broader selection of funds, as well as Distinction Portfolios, without triggering taxable capital gains,” said Eric Frape, senior vice-president, product and business development at IA Clarington. “This option gives clients the flexibility to make changes to their investment portfolio over time and as their investment needs change, while deferring taxes.”

The company also launched the Target Click 2030 Fund, the latest in its lineup of target-date funds, which matures on June 30, 2030.

“With the addition of the IA Clarington Target Click 2030 Fund, investors will have an option with a longer investment time horizon, greater equity exposure and growth potential with the guarantee,” said Frape.

Manulife names small cap sub-advisor

(July 14, 2008) Manulife Mutual Funds has announced the appointment of Foyston, Gordon & Payne Inc. as sub-advisor on the Manulife Small Cap Value Fund used in the Manulife Simplicity Portfolios, effective August 26, 2008. Foyston replaces Howson Tattersall Investment Counsel Limited on the fund.

“We are pleased to add Foyston, Gordon & Payne to the list of highly regarded institutional managers that sub-advise Manulife Mutual Funds for use in our asset allocation product,” said Jeff Ray, assistant vice-president, mutual fund products.

The Toronto-based value manager currently oversees about $13.4 billion in assets for corporate clients, pension funds, foundations, endowments, group RRSPs, and individuals.

(07/14/08)

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.