Continues Partnership with CIBC Principal Protected Notes
TORONTO, June 11 /CNW/ - AGF Funds Inc. today announced the addition of a
new Harmony Balanced Growth Portfolio made up of 60% equities and 40 % fixed
income, complementing its six other distinct Harmony portfolios.
"At AGF, we are committed to offering advisors the best products that
meet the needs of their clients and in this case they told us they wanted a
portfolio with this new allocation mix," says AGF Funds Inc. President Randy
G. Ambrosie. "Harmony Balanced Growth also combines long-term growth with the
stability of a diversified mix of Canadian and foreign equities and fixed
"Harmony has been showing strong and steady growth over the past few
years and we wanted to enhance the value of our offerings within this popular
program. Advisors now have even greater flexibility, choice and customization
through the Harmony platform for their clients," adds Mr. Ambrosie. Harmony's
assets under management (AUM) currently total approximately $2.5 billion.
Also starting today, advisors can purchase seven-year principal-protected
notes, a product offered by CIBC that is linked to the performance of the
award-winning AGF International Stock Class. Building on the original series
that closed earlier in June, the CIBC AGF International Stock Class Deposit
Notes Series 2 provides conservative investors with access to international
markets within the safety of principally protected notes.
"These two products help to enhance our already diversified and strong
product shelf. Advisors can select from a range of products including award
winning mutual funds, as well as our managed asset programs such as Harmony
and Elements, which are continuing to generate great interest and strong
sales," explains Mr. Ambrosie.
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 $56 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: or fact sheets about these two products,
contact: AGF Corporate Communications, Lucy Becker, Vice-President, (416)
865-4284, Lucy.email@example.com; Karen Archer, Media Relations Specialist, (416)