Toronto-based IA Clarington Investments Inc. has two new actively managed fixed income funds.
The IA Clarington Loomis Global Multisector Bond Fund invests in a mix of investment-grade corporate bonds and government debt, the firm said Monday in a release. Decisions are made with a three- to five-year time horizon.
The low-risk fund comes with front-end, low-load and deferred sales charge options. The annual management fee is 1.2% on Series A units.
The IA Wealth Enhanced Bond Pool is an investment-grade portfolio with exposure to non-traditional fixed income that aims to provide monthly income and capital growth, the firm said. It’s also rated low risk.
The Series B annual management fee is 0.95%.