Transaction consistent with AGF's strategy of focus on core businesses
TORONTO, April 30 /CNW/ - AGF Management Limited today announced that
Burns e-Commerce Solutions Limited has acquired Investmaster Group Limited.
The transaction closed today and terms were not disclosed.
Investmaster, formerly a wholly owned subsidiary of AGF, supplies
software products and services to the private wealth market in the U.K. Burns'
Business Exchange Service manages (pnds stlg)25 billion of transactions on
behalf of a number of multi-national corporations and their European and
Global supply chains.
"With the divestiture of Unisen in 2005 and now Investmaster, AGF's
remaining operations represent our core businesses," said Blake Goldring,
chairman and chief executive officer, AGF Management Limited, "Our time and
effort will now be devoted to continuing the impressive growth of our core
investment management business, and our strategically important trust company
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. 2007
marks AGF's 50th anniversary of providing Canadians with innovative investment
solutions across the wealth continuum. AGF's products and services include a
diversified family of more than 50 mutual funds, the evolutionary AGF Elements
portfolios, the Harmony asset management program, AGF Private Investment
Management, Institutional Account Services and AGF Trust GICs, loans and
mortgages. With approximately $53 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".
For further information:
For further information: AGF Management Limited shareholders and
analysts, please contact: Adrian Basaraba, Vice President, Finance and
Investor Relations, (416) 865-4203, adrian.basaraba@AGF.com; Media, please
contact: Lucy Becker, Vice President, Communications, AGF Funds Inc., (416)