Business
AGF Announces Changes to Portfolio Management Team and Product Lineup
TORONTO , Nov. 12, 2013 /CNW/ - AGF Investments Inc. today announced changes to its port...
About this update from Agf Management Limited Class B
[{"type":"text","content":"\n\n\nTORONTO, Nov. 12, 2013 /CNW/ - AGF Investments Inc. today announced\n changes to its portfolio management teams and product lineup. The\n changes highlight the company's commitment to providing investors with\n a diversified offering that reflects today's investment needs.\n\n\nInvestment Management AppointmentsPeter Frost has been named Senior Vice-President and Portfolio Manager*.\n Mr. Frost joined AGF in 2010 and currently manages three Canadian\n balanced and equity mandates, with combined assets of over $2.7\n billion. Under his leadership, these funds have delivered consistent\n income and capital growth to investors. Both the AGF Monthly High\n Income Fund and AGF Traditional Income Fund are 4-star\n Morningstar-rated Funds1 that have outperformed their benchmarks over one-, two- and three-year\n periods.\n\n\nBrian Madden has been promoted to Vice-President and Portfolio Manager*.\n Mr. Madden joined AGF in 2010 and is co-manager along with Michael\n White, Vice-President and Portfolio Manager in the management of AGF's\n Canadian Asset Allocation Fund. This $750 million Fund focuses on\n downside protection and upside growth and has posted first-quartile\n performance over the six-month and one-year period2.\n\n\nEnhancements to the AGF Product Suite\nAs part of an ongoing review of its product offering, AGF is proposing\n several enhancements to its fund lineup. The following proposed changes\n are expected to occur in or about May 2014, pending all required\n approvals:\n\n\nAGF High Income Fund to be merged into AGF Monthly High Income Fund\n\n\nAGF High Income Class to be merged into AGF Diversified Income Class\n\n\nAGF Conservative Asset Allocation Fund to be merged into AGF Canadian\n Asset Allocation Fund\n\n\nAGF All Cap 30 Canadian Equity Fund to be merged into AGF Canadian Stock\n Fund\n\n\nAGF Social Values Equity Fund to be merged into AGF Global Equity Fund\n\n\nAGF Social Values Balanced Fund to be merged into AGF Traditional Income\n Fund\n\n\n\n\n\nUntil the proposed mergers take effect, the merging funds will continue\n to be managed in accordance with the existing strategies and objectives\n set out in the prospectus. All costs and expenses associated with the\n mergers will be borne by AGF. More detailed information will be sent to\n investors (including details of the expected investor meetin...