IA Clarington Investments has appointed Industrial Alliance Investment Management (IAIM) as portfolio adviser for its Target Click Funds. The change, awaiting regulatory approval, is likely to take place in the fourth quarter. IAIM will be replacing BNP Paribas Investment Partners Canada, previously Fortis Investment Management Canada, as portfolio adviser for the Target Click Funds. IAIM will also become guarantor of the Target Click Funds, replacing Fortis Bank.

Click here for the release from Canada Newswire.