TORONTO, July 2, 2015 /CNW/ – IA Clarington Investments Inc. (“IA Clarington” or the “Company”) is pleased to announce the IA Clarington Target Click 2015 Fund (Series A and Series F) has successfully reached its scheduled maturity on June 30, 2015 and paid out the highest month-end net asset value (NAV) to unitholders as guaranteed.
IA Clarington Target Click Funds are Canada’s first guaranteed mutual funds and have been specifically designed to take the worry out of investing by automatically locking in month-end highs and lowering risk as they approach their maturity date. The family of IA Clarington Target Click Funds continue to their maturity dates with the Target Click 2020, 2025, and 2030 Funds respectively. These funds provide investors with the security of knowing their investments are protected, provided they hold the funds to maturity, while at the same time offering exposure to leading international equity markets.
All IA Clarington Target Click Funds are comprised of global balanced funds and guarantee the highest month-end NAV achieved over their life at maturity. As each Target Click Fund approaches its respective maturity date, its allocation to fixed income is increased and its allocation to equities is reduced.
About IA Clarington
IA Clarington Investments Inc., a subsidiary of Industrial Alliance Insurance and Financial Services Inc., markets a wide range of distinctive and outcome-based investments, including actively managed mutual funds, portfolio solutions, socially responsible investments and target date funds. As at May 31, 2015, IA Clarington has over $15 billion in assets under management and distributes its investment solutions to retail investors through advice-based distribution channels. For more information please visit www.iaclarington.com.
SOURCE IA Clarington Investments Inc.