Toronto, Ontario, July 14, 2008 - IA Clarington
Investments Inc. ("IA Clarington" or the "Company") today announced
that it has expanded its line-up of Target Click Funds (the
"Funds") by launching the IA Clarington Target Click 2030 Fund
(the "2030 Fund"). The new Fund has a target maturity date of June
30, 2030, allowing investors a longer time horizon, the benefit of
an initially higher equity weighting and greater potential for
growth.
The Target Click Funds are global
balanced mutual funds that provide a guaranteed value at maturity,
thereby providing protection for an investors' initial investment.
If held to the scheduled maturity date, each Fund benefits from the
guarantee of the highest month-end unit value ever achieved over
the life of the Fund. To date, the guaranteed value for each of the
Funds, other than the 2030 Fund, has increased repeatedly since
inception.
"The Target Click Funds provide exposure to the growth potential
of global equity markets, while locking in month-end gains to
provide downside protection when held to maturity. With the
addition of the IA Clarington Target Click 2030 Fund,
investors will have an option with a longer investment time
horizon, greater equity exposure and growth potential with the
guarantee," said Eric Frape, Senior Vice President, Product and
Business Development at IA Clarington. "As it approaches maturity,
each Fund's asset mix becomes more conservative and its fees also
decline. The significant interest we are seeing in these products
strongly reinforces the benefits of this investment strategy,
particularly in periods of market volatility like we've seen
recently," added Frape.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial
Alliance Insurance and Financial Services Inc., markets a wide
range of investment products, including mutual funds, segregated
funds, principal protected notes and closed end funds managed by
leading portfolio managers. IA Clarington and its subsidiaries
managed approximately $7.9 billion in investment fund assets as at
May 31, 2008. The company's website address is www.iaclarington.com.
About the Guarantee
Fortis Bank S.A. / N.V. has provided a guarantee to each IA
Clarington Target Click Fund (Fund) that the Fund will have
sufficient assets on its maturity date to pay investors the higher
of $10 and the highest-month end net asset value per unit achieved
during the life of the Fund. Each Fund's maturity date will occur
on June 30 of the year specified in the Fund's name.
Investors who redeem prior to the Fund's maturity date will not
have the benefit of the guarantee, and will receive the net asset
value per unit as of the redemption date. In addition, in some
circumstances, the maturity date for a Fund may be accelerated, in
which case the guarantee will cover payment only of the net present
value of the guaranteed amount, and normal redemption charges for
DSC or low load assets would apply. In either of these situations,
an investor could receive less than the guaranteed value and less
than the amount of his or her initial investment. The guarantee is
an unsecured obligation of Fortis Bank S.A. / N.V. and any payment
under the guarantee is subject to the risk that the bank will have
insufficient assets to make the payment.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not generally
guaranteed, their values change frequently and past performance may
not be repeated. However, each IA Clarington Target Click Fund has
the benefit of the guarantee described above. The information
contained above may include estimates, projections and other
"forward-looking statements." Actual events may differ
substantially from those presented herein. IA Clarington
Investments Inc. assumes no duty to update any such forward-looking
statements or any other information or opinions in this document.
IA Clarington makes no representation that future investment
performance will conform to past performance and it should never be
assumed that past performance foretells future performance. On July
4, 2007, Clarington Target Click Funds changed their name to IA
Clarington Target Click Funds.
The IA Clarington Funds and IA Clarington Target Click Funds are
managed by IA Clarington Investments Inc. IA Clarington is a
trademark of IA Clarington Investments Inc. and the IA Clarington
logo is a trademark of Industrial Alliance Insurance and Financial
Services Inc.