Business
AGF Floating Rate Income Fund surpasses $200 million mark in new sales
TORONTO , June 12, 2013 /CNW/ - AGF advisors and investors seeking monthly income and lo...
About this update from Agf Management Limited Class B
[{"type":"text","content":"\n\n\nTORONTO, June 12, 2013 /CNW/ - AGF advisors and investors seeking\n monthly income and looking for a hedge against interest rate risk have\n embraced the AGF Floating Rate Income Fund as a prime solution to help diversify the fixed income portion of their\n portfolios.\n\n\nLaunched on April 16, 2012, the Fund is managed by Eaton Vance, the\n largest floating rate loan manager by assets in North America. Through\n utilizing a bottom-up research driven investment approach, backed by\n the seasoned expertise of 29 Eaton Vance investment professionals, the\n Fund offers superior correlation with other typical fixed income and\n equity solutions. Its portfolio of U.S. senior, secured bank loans is\n diversified by sector, issuer and credit tier.\n\n\n\"While we are pleased by the early adoption on the part of the Canadian\n investor community to the merits of the AGF Floating Rate Income Fund,\n we are not surprised,\" said Gordon Forrester, AGF Executive\n Vice-President, Product and Marketing and Head of Retail. \"The Fund is\n just one more example of AGF's commitment to bring forth timely\n solutions to the Canadian investment landscape that have proven\n successful and needed to help investors position for unfolding\n opportunities and challenges.\"\n\n\n\"AGF has a long standing reputation of being at the forefront of\n bringing innovative solutions to the market that help investors achieve\n their goals. Looking out for our investors means looking beyond today's\n interest rate environment and proactively launching solutions to help\n safeguard portfolios,\" added Blake C. Goldring, Chairman and Chief\n Executive Officer, AGF Management Ltd.\n\n\n\"From an investment perspective we are starting to see the signs that\n the benchmark 10 year Canadian Government Bond yield is rising. This\n early bellwether should give reason for pause, if not concern,\" said\n Martin Hubbes, Executive Vice-President, Investments and Chief\n Investment Officer. \"Noting this trending development and getting in\n front of it with a solution like the AGF Floating Rate Income is sound\n planning for the inevitability of rising rates.\"\n\n\nFor more information about AGF and AGF Floating Rate Income Fund, please\n visit: https://www.agf.com/t2scr/static/app/fundview/public/en/fund4076.jsp.\n\n\nAbout AGF Management Limited\n\n\nAGF Management...