Toronto, Ontario, November 1, 2006 - IA Clarington Investments
Inc. ("IA Clarington") today announced the launch of the
Clarington Global Dividend Fund ("the Fund"). The Fund is
advised by ABN AMRO Asset Management Canada Limited, with three of
its affiliates acting as sub-advisors. The Fund's investment
objective is to provide a combination of income and long-term
capital growth through investment in a broadly diversified
portfolio consisting primarily of equity securities of
businesses located around the world. The Fund undertakes to
pay a monthly distribution, initially targeted at $0.05 per
unit.
"We continue to see a strong investor appetite for
dividend-paying equities, particularly in an ongoing
environment of low interest rates," said David Scandiffio,
President, IA Clarington Investments Inc. "We are very pleased
to expand our already strong line-up of dividend funds to
include another option that can help investors diversify beyond
domestic equities."
The Clarington Global Dividend Fund is one of the first of its
kind in Canada to feature a truly global management team with
a successful track record of managing global
dividend equities. The ABN AMRO sub-advisors located in
Europe, Asia and North America currently manage over $2.0
billion (Cdn) of assets with a similar global dividend-focused
mandate.
Units of the Fund are available on a front end, low load or
deferred sales charge basis. In addition, series A units of
the Fund will be available in Canadian or U.S. dollars to
provide investors and advisors greater flexibility when
structuring their investment portfolios. For further
information, please read the simplified prospectus available at www.iaclarington.com.
About ABN AMRO
ABN AMRO Asset Management managed $255 billion (Cdn) of
investment assets as at June 30, 2006 for over 2,000
institutions including central banks, pension funds,
insurance companies and others. It is wholly owned by ABN AMRO
Bank N.V., which is one of the top 20 largest financial
institutions in the world with a history dating to 1824. The
company's Canadian website is www.asset.abnamro.ca.
About IA Clarington Investments
IA Clarington Investments Inc., a subsidiary of Industrial
Alliance Insurance and Financial Services Inc., offers a wide
variety of investment products managed by leading Canadian and
international portfolio managers. IA Clarington managed over $6
billion in mutual fund and closed-end fund assets as at
September 30, 2006. The company's website address is www.iaclarington.com.
For additional information, please contact:
David Scandiffio
President
(416) 585-5738
david.scandiffio@iaclarington.com