TORONTO, Dec. 1, 2015 /CNW/ - AGF Investments Inc. (AGF) today announced proposed changes to its investment fund lineup. The changes are part of an ongoing review of our product lineup to improve efficiencies, while ensuring the products we offer are best-in-class and meet the evolving needs of our clients.
The following proposed changes are expected to occur on or about May 2016, pending all required approvals:
- AGF Global Value Class merging into AGF Global Equity Class
- AGF Global Value Fund merging into AGF Global Equity Fund
- AGF International Stock Class merging into AGF Global Equity Class
"Industry veteran Stephen Way has been managing the AGF Global Equity mandate for over 20 years. He and his team of experienced investment professionals oversee approximately $7.6 billion in AUM for investors around the globe and have built a solid track record based on their disciplined, transparent and repeatable process," said Kevin McCreadie, President and Chief Investment Officer, AGF Investments Inc. "With these changes we are streamlining our global equity lineup and ensuring our products represent our core competencies."
AGF is also proposing to merge AGF Canadian Bond Fund into AGF Fixed Income Plus Fund, pending all required approvals.
Until the proposed mergers take effect, the merging funds will continue to be managed in accordance with the existing strategies and objectives set out in the prospectus. All costs and expenses associated with the mergers will be borne by AGF. More detailed information will be sent to investors (including details of the expected investor meetings) in advance of the 2016 security holder meetings.
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 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 approximately $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.
For further information: Media Contact, Pamela Marchant, Vice-President, Marketing & Communications, 416-815-6205, email@example.com