TORONTO, May 2, 2017 /CNW/ - The Canadian ETF Association ("CETFA") is pleased to announce that AGF Investments Inc. ("AGF") has joined the Association.
"We are pleased to welcome AGF as the newest member of the CETFA," said Pat Dunwoody, Executive Director of the Canadian ETF Association. "As our membership continues to grow, we remain committed to representing the ETF industry and providing Canadian investors with access to information and resources about the benefits of ETF investing."
"With the launch of AGFiQ and our offering of ETF solutions, we believe we are bringing to market a differentiated and unique experience for Canadian investors. Our objective is to provide better risk-adjusted returns by utilizing a flexible, multi-factor process centered on the principle of viewing risk through multiple lenses," said Jay Bhutani, Senior Vice-President, Head of ETF Strategy, AGF Investment Inc. "As we enter this space, we are pleased to join the CETFA and support the work they do to educate investors and give a voice to the Canadian ETF industry."
ETFs in Canada finished 2016 with $114B in assets, an increase of nearly $25B over the previous year and growth rate of approximately 20%1. With their current membership, the CETFA represents 95% of the Canadian ETF AUM.
About the Canadian ETF Association
CETFA is the national voice of Canada's ETF industry, representing the majority of ETF providers in Canada. Canadian investors have over $107 billion invested in over 400 Canadian-listed ETFs. As ETF usage continues to grow in Canada, CETFA seeks to educate Canadians on the appropriate use of exchange traded funds, as well as work proactively with members and regulators to ensure the ETF industry adopts best practices and standards.
Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, we strive to help investors succeed by delivering excellence in investment management and providing an exceptional client experience. Our suite of diverse investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With C$35.5 billion (as at March 31, 2017) in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
AGF launched its suite of exchange traded funds, QuantShares powered by AGFiQ, on January 30, 2017. For more information visit AGFiQ.com
1. National Bank , as of December 31, 2016
For further information: Pat Dunwoody, Canadian ETF Association, (416) 260-4714, firstname.lastname@example.org; Amanda Marchment, AGF Investments Inc., (416) 865-4160, email@example.com