ClaringtonFunds Inc. is launching two new mutual funds: Clarington Global Value Class and Clarington RSP Global Income Fund.

Clarington Global Value Class, managed by Seamark Asset Management, is offered as part of Clarington Sector Fund Inc., a mutual fund corporation that allows investors to switch between classes without incurring a capital gain. Clartington says this conservative global equity fund will invest invest predominantly in large cap companies with very strong financials and industry leading positions.

Clarington RSP Global Income Fund is a 100% RSP-eligible version of the Clarington Global Income Fund, also managed by Seamark Asset Management. The company describes this fund as a conservatively managed global balanced fund.

Clarington also announced that the name of the Clarington U.S. Equity Fund has been changed to Clarington U.S. Growth Fund to better reflect the investment strategy of the fund.