AGF Offers New Funds on UCITS Platform
Company also opens new London office to support growing roster of U.K. clients
TORONTO, Dec. 3, 2013 /CNW/ - AGF Investments Inc. (AGFI), today announced the launch of a Dublin-based Undertaking for Collective Investment in Transferable Securities (UCITS) fund family, supported by its first seed investors, as well as the opening of a representative office in London, England.
Offered through AGF Global Investment Series Fund plc, AGF's two UCITS sub-funds, AGF Global Core Equity Fund and AGF Emerging Markets All Cap Equity Fund, will be available throughout a range of registered jurisdictions, under the authorization of the Central Bank of Ireland.
Funding from new European-based investors now totals $65 million for the AGF Global Core Equity Fund and $425 million for the AGF Emerging Markets All Cap Equity Fund.
Generally, the UCITS market represents approximately EUR €6 trillion. AGF's new UCITS platform will allow AGF to market its fund offerings in new markets, and will allow AGF to diversify its global client base.
"AGF's new UCITS fund family is a key piece of infrastructure that supports our global growth ambitions," said Chris Boyle, Senior Vice-President, Institutional, AGF Investments Inc. "These products are highly regulated, equally versatile, and will enable us to target the largest possible group of global investors."
AGF is also pleased to announce the opening of a representative office in London's financial district. This office allows for an on-the-ground presence that will enable AGF to better service its growing U.K. client base.
"We are delighted to announce the successful launch of AGF's UCITS fund family which marks an important milestone in the expansion of AGF's global footprint," said Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management Limited. "Our new offerings, coupled with the opening of the London office, builds on AGF's long-standing history of investing globally."
ABOUT AGF MANAGEMENT LIMITED
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With over $34 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and similar expressions, or future or conditional verbs such as 'may,' 'will,' 'should,' 'would' and 'could.' Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, economic factors, business prospects, business performance and opportunities. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements due to, but not limited to, important risk factors such as level of assets under management, volume of sales and redemptions of investment products, performance of investment funds and of investment managers and advisors, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as interest and foreign-exchange rates, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, and the company's ability to complete strategic transactions and integrate acquisitions. The company cautions that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements are given only as at the date of this release and other than specifically required by applicable laws, the company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. Additional risks and uncertainties can be found in our MD&A for the fiscal year ended November 30, 2012 under the headings "Caution Regarding Forward-Looking Statements" and "Risk Factors and Management of Risk" and in our other filings with Canadian securities regulatory authorities.
SOURCE AGFFor further information:
AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:
Senior Vice-President, Institutional
AGF Investments Inc.
Robert J. Bogart
Executive Vice-President and Chief Financial Officer
Senior Vice-President, Finance