Superior Fund Management
Despite persistent market volatility, AGF enhanced its reputation for excellence in money management by again achieving strong performance results over the year.
At year end, 85 per cent of our mutual fund assets had performed above median based on three-year rates of return.
The depth of our expertise is highlighted in the strong results posted by a cross-section of funds against their benchmark indices. AGF Canadian Stock Fund posted a 32.9 per cent return, the only Canadian equity fund to outperform the TSE 300 stock index for four consecutive years.
Among our global funds, AGF International Value Fund achieved an extraordinary one-year return of 30.6 per cent compared with the Morgan Stanley World Index return of -3.4 per cent. As well, the return on the AGF European Growth Class surpassed the Morgan Stanley index by 13.1 per cent in 2000, and was ranked number one out of 71 European funds offered in Canada.
In May, we launched six new funds that cover dynamic new industries, sectors and economies around the world. And with the acquisition of Global Strategy we were able to add Rothschild Asset Management to our roster of stellar external subadvisors.
As part of the integration process, AGF assumed portfolio management on nine Global Strategy funds, including three funds distributed through Investors Group Inc.
With the completion of the acquisition of Global Strategy, we now offer a total of
77 mutual funds and boast the most diversified selection of award-winning funds of any company in Canada with significant strength in all asset classes and investment management styles.
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