Quebec City-based Industrial Alliance and Financial Services Inc. (IA Financial) has added new global asset allocation products to its segregated fund offering, the firm announced Monday.
The three new funds are managed by Clément Gignac, senior vice president and chief economist, and his team at IA Investment Management (IAIM), as well as external managers.
They are as follows: IAIM Global Asset Allocation Security , IAIM Global Asset Allocation and IAIM Global Asset Allocation Opportunity.
The seg funds represent a range of risk profiles, from “security,” the most conservative, to “opportunity,” the most aggressive. Through these products, clients will increase their exposure to the global market, including alternative asset classes, IA Financial says in a news release.
“We are among the first to offer, in Canada, a new fund series, in terms of segregated funds, that gives regular investors direct access to private alternative and real asset classes like real estate, mortgage loans, infrastructure, private equity and private debt, which are normally reserved for institutions and large pension funds that require a major investment and/or high fees,” Gignac says in a statement.
Management expense ratios range from 2.67% to 2.77%.
The funds are available in the Classic 75/75 and 75/100 series of the IAG Savings and Retirement Plan as well as IA Financial’s My Education+.