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TORONTO, Sept. 15, 2015 /CNW/ - AGF Investments Inc. (AGF) today introduced AGF Flex Asset Allocation Fund, a global multi-asset class solution with dynamic asset allocation.
The Fund will be advised by State Street Global Advisors (SSGA)*, the asset management arm of State Street Corporation, one of the world's leading providers of financial services to institutional investors.
"We are excited to partner with SSGA as they bring their expertise to Canadian retail investors with the AGF Flex Asset Allocation Fund," said Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management Limited. "In today's market environment, many investors are seeking to manage volatility, while at the same time achieving a return objective. This 'go anywhere' global solution balances an investor's need for long-term capital growth while also managing downside risk. In the end, this new fund aims to provide investors with a smoother investment journey."
Through this distinctive fund offering, investors will gain exposure to a wide range of asset classes, equity market capitalizations, styles and sectors. The Fund will invest primarily in equity, fixed-income, commodities, property and infrastructure through cost-effective, index-oriented ETFs.
An Advanced Approach to Asset Allocation
SSGA's Investment Solutions Group (ISG) employs a rigorous, research-driven investment process. ISG uses a multi-factor, in-depth analysis to calculate long-term forecasts of more than 50 different asset classes. These forecasts, combined with continuous monitoring of prevailing market conditions, enables ISG to create allocations appropriate for different risk environments. For example, during periods of volatility, a portfolio may hold more defensive and less risky assets, while in benign markets the portfolio may hold riskier assets.
"We combine strategic, dynamic and tactical asset allocation in a systematic framework. Today's investors want broad, global asset exposure, but they also want to be in the right market at the right time," said Michael Martel, Managing Director, State Street Global Advisors. "This approach seeks a long-term return objective and is being responsive to the current market environment, while also watching what is emerging on the horizon."
About State Street Global Advisors (SSGA)
For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions** in assets under management, our scale and global footprint provide extensive access to markets and asset classes, and allow us to deliver expert insights and investment solutions.
State Street Global Advisors is the investment management arm of State Street Corporation.
**Assets under management were US$2.4 trillion as of June 30, 2015. Assets under management include approximately US$26.7 billion (as of June 30, 2015), for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.
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 $33 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.
*State Street Global Advisors, Ltd. (SSGA Canada) acts solely as a portfolio advisor to the Fund. A portfolio advisor provides the Fund with investment research and recommendations. They do not make investment decisions on behalf of the Fund.
Video with caption: "Video: The Importance of Asset Allocation". Video available at: https://www.youtube.com/watch?v=fiI0ZhbskV0
Image with caption: "The Importance of Asset Allocation (CNW Group/AGF)". Image available at: http://photos.newswire.ca/images/download/20150915_C4688_PHOTO_EN_497486.jpg
Image with caption: "Michael Martel, Managing Director, State Street Global Advisors (CNW Group/AGF)". Image available at: http://photos.newswire.ca/images/download/20150915_C4688_PHOTO_EN_497488.jpg
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