ClaringtonFunds Inc. has chosen State Street Corporation to provide global and domestic custody, accounting, fund administration and transfer agency services for ClaringtonFunds mutual funds.

Both State Street and International Financial Data Services will provide services to ClaringtonFunds’ 40 Canadian mutual funds totaling approximately $3 billion in assets. IFDS is a joint venture between State Street and DST Systems that provides shareholder services and remote systems solutions on an integrated global platform.

“We are pleased to partner with a global service provider who can offer us solutions for our full array of investment needs,” says Terence Stone, ClaringtonFunds Chairman. “Choosing State Street will allow us to remain focused on our main business of searching out the best mutual fund experts in the world to help create our fund offerings.”

http://www.newswire.ca/releases/December2002/16/c3365.html