iA Clarington
2021 Mid-Year Review

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The largely successful global vaccination campaign, coupled with continued fiscal and monetary support, have paved the way for the full reopening of economies and vaulted major equity markets to record highs. But the accelerated pace of the recovery has brought with it a number of risks, most notably a level of inflation not seen in two decades and the very real possibility that broad price increases are a secular, rather transitory phenomenon.

As we move into the second half of 2021, our portfolio managers take a look back at their outlook in January and reflect on the impact of the major developments of the first two quarters. They also explain how they have positioned their portfolios and what they are anticipating for the remainder of the year and beyond.

IA Clarington Investments Inc.

High-yield corporate bonds, equity income

Dan Bastasic

Senior Vice-President, Investments & Portfolio Manager

iA Investment Management Inc.

U.S. equities

Jean-Pierre Chevalier

Portfolio Manager

Macro-driven asset allocation

Clément Gignac

First Vice-President, Diversified Funds & Chief Economist

Sébastien Mc Mahon

Senior Portfolio Manager, Diversified Funds & Economist

Tej Rai

Senior Vice-President, Asset Allocation

Fixed income

Alexandre Morin

Principal Portfolio Manager, Fixed Income Investment Funds

North American large-cap dividend stocks

Donny Moss

Senior Portfolio Manager

Loomis, Sayles & Company, L.P.

Global equities & fixed income

Matthew J. Eagan

Executive Vice-President & Portfolio Manager

Eileen N. Riley

Vice-President & Portfolio Manager

David W. Rolley

Vice-President & Portfolio Manager

Lee M. Rosenbaum

Vice-President & Portfolio Manager

QV Investors Inc.

Global & Canadian equities, fixed income

Clement Chiang

Portfolio Manager

Ian Cooke

Vice-President & Portfolio Manager

Darren Dansereau

Vice-President & Portfolio Manager

Mathew Hermary

Portfolio Manager

Joe Jugovic

President & CEO

Vancity Investment Management Ltd.

Socially responsible investing

Jeffrey Adams

Director & Portfolio Manager

Wes Dearborn

Portfolio Manager, Fixed Income

Kelly Hirsch

Head of ESG

Jeffrey Lew

Portfolio Manager

Marc Sheard

Portfolio Manager, Equities

Wellington Square

Corporate bonds, senior loans

Amar Dhanoya

Portfolio Manager

Jeff Sujitno

Portfolio Manager

Wellington Square refers to Wellington Square Capital Partners Inc. (sub-advisor) and Wellington Square Advisors Inc. (sub-sub advisor).