New balanced fund to be managed by Jarislowsky, Fraser
Limited
TORONTO, ON, July 5, 2004 - ClaringtonFunds Inc. ("Clarington")
today launched the Clarington Canadian Growth & Income Fund, a
new Canadian balanced fund. The Fund will be managed by
Jarislowsky, Fraser Limited ("Jarislowsky, Fraser") of Montreal,
one of Canada's most recognized and fastest-growing money
managers.
"With Jarislowsky, Fraser, we've added another top-notch
portfolio manager for investors to choose from and rounded out our
diverse Canadian fund offering," said Eric Frape, Vice President,
Product Management at Clarington.
"Jarislowsky, Fraser's consistent and risk-averse approach
complements our portfolio of strong-performing Canadian funds
managed by SEAMARK Asset Management Ltd., KBSH Capital Management
Inc., QVGD Investors, Inc. and Beutel Goodman & Co. Ltd.," he
said.
Mr. Frape said that Clarington's Canadian Growth & Income
Fund will be of particular interest to investors who are seeking a
balance between capital preservation and steady growth.
"We are delighted to partner with ClaringtonFunds on the new
Clarington Canadian Growth & Income Fund, which will allow us
to focus on what we do best - providing stable, risk-adjusted
returns for our investors," said Len Racioppo, President of
Jarislowsky, Fraser.
Mr. Racioppo noted that Jarislowsky, Fraser was one of Canada's
first investment counsellors focused on managing money for retail
clients. "We've diversified over the years and currently manage
over $43 billion for 350 pension and endowment funds, as well as
high net worth clients. Clarington's strong distribution network
furthers our ability to help retail investors meet their investment
goals," he said.
About Jarislowsky, Fraser Limited
Jarislowsky, Fraser Limited is an investment counseling firm,
managing pension funds, pooled funds, endowment funds and corporate
and private portfolios for clients in North America and Europe.
Founded in 1955 as an investment research firm, Jarislowsky, Fraser
today manages investment funds on behalf of governments,
corporations, universities, institutions and labour unions with
assets exceeding $43 billion. The firm was ranked by Benefits
Canada magazine as one of the top five fastest growing money
managers in Canada for 2002 and 2003, and was rated one of the top
five largest Canadian wrap fund managers by Investor Economics in a
September 2003 study.
About ClaringtonFunds Inc.
ClaringtonFunds is an independent Canadian investment fund
company. With more than $3.6 Billion in assets under management,
ClaringtonFunds is one of the fastest-growing fund companies in
Canada. The company offers a wide variety of mutual funds,
including innovative cash distribution funds, managed by leading
Canadian and international portfolio managers. Based in Toronto,
ClaringtonFunds maintains regional offices in major Canadian
centres.