Company also opens new London office to support growing roster of U.K.
TORONTO, Dec. 3, 2013 /CNW/ - AGF Investments Inc. (AGFI), today
announced the launch of a Dublin-based Undertaking for Collective
Investment in Transferable Securities (UCITS) fund family, supported by
its first seed investors, as well as the opening of a representative
office in London, England.
Offered through AGF Global Investment Series Fund plc, AGF's two UCITS
sub-funds, AGF Global Core Equity Fund and AGF Emerging Markets All Cap
Equity Fund, will be available throughout a range of registered
jurisdictions, under the authorization of the Central Bank of Ireland.
Funding from new European-based investors now totals $65 million for the
AGF Global Core Equity Fund and $425 million for the AGF Emerging
Markets All Cap Equity Fund.
Generally, the UCITS market represents approximately EUR €6 trillion.
AGF's new UCITS platform will allow AGF to market its fund offerings in
new markets, and will allow AGF to diversify its global client base.
"AGF's new UCITS fund family is a key piece of infrastructure that
supports our global growth ambitions," said Chris Boyle, Senior
Vice-President, Institutional, AGF Investments Inc. "These products are
highly regulated, equally versatile, and will enable us to target the
largest possible group of global investors."
AGF is also pleased to announce the opening of a representative office
in London's financial district. This office allows for an on-the-ground
presence that will enable AGF to better service its growing U.K. client
"We are delighted to announce the successful launch of AGF's UCITS fund
family which marks an important milestone in the expansion of AGF's
global footprint," said Blake C. Goldring, Chairman and Chief Executive
Officer, AGF Management Limited. "Our new offerings, coupled with the
opening of the London office, builds on AGF's long-standing history of
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 award-winning
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 $34 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.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements. Forward-looking
statements include statements that are predictive in nature, depend
upon or refer to future events or conditions, or include words such as
'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative
versions thereof and similar expressions, or future or conditional
verbs such as 'may,' 'will,' 'should,' 'would' and 'could.'
Forward-looking statements are based on certain factors and
assumptions, including expected growth, results of operations, economic
factors, business prospects, business performance and opportunities.
While the company considers these factors and assumptions to be
reasonable based on information currently available, they may prove to
be incorrect. Forward-looking statements are not guarantees of future
performance, and actual events and results could differ materially from
those expressed or implied by forward-looking statements due to, but
not limited to, important risk factors such as level of assets under
management, volume of sales and redemptions of investment products,
performance of investment funds and of investment managers and
advisors, competitive fee levels for investment management products and
administration, and competitive dealer compensation levels and cost
efficiency in our investment management operations, as well as interest
and foreign-exchange rates, taxation, changes in government
regulations, unexpected judicial or regulatory proceedings, and the
company's ability to complete strategic transactions and integrate
acquisitions. The company cautions that the foregoing list is not
exhaustive. The reader is cautioned to consider these and other factors
carefully and not place undue reliance on forward-looking statements.
Forward-looking statements are given only as at the date of this
release and other than specifically required by applicable laws, the
company is under no obligation (and expressly disclaims any such
obligation) to update or alter the forward-looking statements, whether
as a result of new information, future events or otherwise. Additional
risks and uncertainties can be found in our MD&A for the fiscal year
ended November 30, 2012 under the headings "Caution Regarding
Forward-Looking Statements" and "Risk Factors and Management of Risk"
and in our other filings with Canadian securities regulatory
For further information:
AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:
Senior Vice-President, Institutional
AGF Investments Inc.
Robert J. Bogart
Executive Vice-President and Chief Financial Officer
Senior Vice-President, Finance