Retail investors get access to proven institutional money management
TORONTO, Jan. 14 /CNW/ - AGF Funds Inc. today introduced three new
quantitative funds into its retail line-up that will be managed by Highstreet
Asset Management Inc., a well-respected institutional and private client money
manager and subsidiary of AGF Management Limited.
With the launch of the AGF Canadian All Cap Equity Fund, the AGF Global
High Income Fund and the AGF Global Balanced High Income Fund, retail
investors now have access to a unique investment management style.
"The launch of these funds presents an exciting opportunity for retail
investors who have expressed ongoing interest in Highstreet's quantitative
style of investing," said AGF Funds Inc. President Randy G. Ambrosie. "We are
thrilled to provide our clients with a choice of products that offer the
consistent, transparent and impartial style of investing that Highstreet has
used successfully in managing funds for some of its biggest Canadian and
international institutional clients."
- The AGF Canadian All Cap Equity Fund will focus on providing an
above-average rate of return by investing in a small number of
Canadian stocks targeted to have strong earnings growth. The Fund
will invest in equities from all three capitalization categories -
small-, medium- and large-cap.
- The AGF Global High Income Fund will seek to provide a tax-efficient
stream of monthly distributions and to preserve and enhance the
fund's net asset value by investing in a portfolio of securities with
exposure to dividend-yielding securities from around the world. With
a focus on dividend-paying companies, the Fund will have greater
exposure to larger capitalized companies and select industry groups
and geographic regions.
- The AGF Global Balanced High Income Fund will invest in both
dividend-yielding securities and fixed-income securities, and will
maintain a target asset allocation of approximately 60 per cent in
dividend-yielding securities from around the world and 40 per cent in
high-quality fixed-income securities.
In managing these three new funds, the Highstreet team will use its
proven quantitative methodology to ensure a consistent investment approach
that makes buy and sell decisions founded on facts and ongoing analysis.
"Highstreet takes a quantitative approach to money management and
believes that stock market success can be achieved by consistently applying a
disciplined, fact-based approach to investing," said Rob Jackson, Senior
Vice-President, Investments at Highstreet. "To satisfy the investment
objectives of each fund, we develop a customized formula based on
characteristics such as growth, earnings and asset quality, depending on the
mandate. We then select only those stocks with the best grades." With more
than 220 years of combined experience, the Highstreet team has a solid
reputation with institutional and private clients and successfully manages
portfolios for Canadian pension plans and financial institutions,
universities, foundations and high net worth families.
"AGF is committed to providing excellence in money management," adds
Ambrosie. "With the introduction of these new funds, AGF is building on our
tradition of providing advisors with a range of choices backed by the diverse
talents of our award-winning investment management team."
About Highstreet Asset Management Inc.
Founded in 1998, Highstreet Asset Management Inc. is a majority-owned
(80 per cent) subsidiary of AGF Management Limited acquired on Dec. 1, 2006.
The remaining ownership is held by Highstreet's management team. Well-known
for its quantitative investment methodology, the management team at Highstreet
has been successful in growing assets under management to more than $5
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. 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 Institutional Account Services, private client products, 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 Corporate Communications: Lucy Becker,
(416) 865-4284, Lucy.Becker@agf.com; Paul Howard, Director, (416) 865-4345,
Paul.Howard@agf.com; Karen Archer, Media Relations Specialist, (416) 865-4295,