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Toronto-based IA Clarington Investments Inc. launched a new managed asset program on Wednesday consisting of five diversified portfolios that are designed to fit various risk profiles.

IA Clarington Managed Portfolios use a fund-of-fund structure that promises active management of security selection, tactical asset allocation and foreign currency exposure. The portfolios are monitored daily and involve ongoing rebalancing to maintain each portfolio’s designated target-risk levels.

“This new program comes at a time when equity market volatility and historically low interest rates continue to pose challenges for investors, both in their investment planning and in their resolve to stay fully invested and aligned to their risk profiles,” says Eric Frape, senior vice president, products and investments with IA Clarington, in a statement. “We are confident that this well-diversified and flexible portfolio solution will help Canadian investors stay the course in pursuit of their investment goals in an increasingly complex investment landscape.”

The program consists of IA Clarington Conservative Portfolio, IA Clarington Moderate Portfolio, IA Clarington Balanced Portfolio, IA Clarington Growth Portfolio and IA Clarington Maximum Growth Portfolio.

Clément Gignac, senior vice president, chief economist and chairman of Quebec City-based Industrial Alliance Investment Management Inc.’s asset-allocation team, will manage the portfolios. Gignac, whose past professional experience includes acting as a special advisor within the federal Department of Finance Canada, will employ an asset-allocation process that is rooted in economics, according to the firm’s announcement.

“My process focuses on the analysis of global economic and market conditions and my goal is to add value through asset allocation decisions,” says Gignac in a statement. “In addition, I monitor the performance of the underlying asset class specialists who are focused on meticulous security selection.”

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