TORONTO, April 28, 2016 /CNW/ - AGF Investments Inc. (AGF) today announced the launch of four new income-generating funds within AGF's corporate class structure, AGF All World Tax Advantage Group Limited (AWTAG).
"With a growing number of investors understanding the importance of asset allocation and diversification in their portfolios, these new funds offer a more diverse AWTAG lineup with access to fixed-income and solution-based investments," said Kevin McCreadie, President and Chief Investment Officer, AGF.
The new corporate class funds are based on popular "trust fund" versions and are available in traditional, fee-based and tiered pricing options.
- AGF Elements Yield Portfolio Class
- AGF Fixed Income Plus Class
- AGF Global Dividend Class
- AGF Total Return Bond Class
Although the recent federal budget announced that after September 2016, switching between corporate classes will be considered a deemed disposition, AGF believes there is still value in investing in corporate class solutions, due to the other tax-efficient features and pooling benefits.
"AWTAG combines approximately 23 distinct classes of mutual funds and managed portfolios under one corporate umbrella," explained McCreadie. "AGF still believes AWTAG gives investors the freedom to make investment decisions – rather than tax decisions – for non-registered investments."
AGF Launches Series W for Select Elements Portfolios
Effective today, AGF is also extending its high-net-worth pricing for fee-based funds with the launch of Series W for the following Elements products:
- AGF Elements Yield Portfolio
- AGF Elements Conservative Portfolio Class
- AGF Elements Balanced Portfolio Class
- AGF Elements Growth Portfolio Class
- AGF Elements Global Portfolio Class
This launch expands AGF's corporate class offerings under AGF Gold Label, while providing additional options for advisors with fee-based practices.
To learn more about AGF's Tax-Efficient Strategies visit, AGF.com/RethinkTaxStrategies.
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 over $32 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.
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