TORONTO, Feb. 19, 2013 /CNW/ - AGF Investments Inc. (AGF) announced that effective today Tony Genua,
Senior Vice-President and Portfolio Manager of AGF's flagship fund, AGF
American Growth Class will be the lead portfolio manager of AGF
Aggressive U.S. Growth Fund and AGF Aggressive Global Stock Fund.
For these mandates Tony will use an investment strategy similar to AGF
American Growth Class. His investment approach leads him to innovative
higher-growth companies - regardless of where the company is domiciled
or its market capitalization.
He will be supported by the North American research team, a highly
experienced group of specialists who cover all 10 global industry
sectors. The team provides important research and analysis and
recommends timely, actionable investment ideas.
"We are excited to utilize our internal capabilities for these
mandates," said Martin Hubbes, Executive Vice-President and Chief
Investment Officer of AGF Investments Inc. "With over 30 years of
experience, a similar investment style and proven track record of
performance, Tony will provide investors with the investment experience
Also effective today, Cypress Capital Management Ltd., a subsidiary of
AGF Investments Inc., who currently manages the AGF Tactical Income
Fund, will take on the management of AGF Canadian Small Cap Fund.
"This change allows us to leverage Cypress' specialized expertise in
Canadian small-cap funds, while Caterina Prato can focus her efforts on
the large-cap strategies - like AGF Canada Class," added Hubbes.
Based in Vancouver, B.C, Cypress is a boutique money manager made up of
an eight-member team of investment professionals.
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 $40 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
For further information:
For media inquiries, contact AGF Corporate Communications:
Assistant, Corporate Communications
Manager, Corporate Communications