Senior Vice-President and Portfolio Manager
AGF Funds Inc.

Stephen Way, CFA, is a Senior Vice-President and Portfolio Manager at AGF Funds Inc. He leads a team of five analysts as the head of the global equity team in Toronto while managing five global equity mandates. He is also the chief liaison between AGF and its overseas subsidiaries in Europe and Asia. Stephen is the primary link between AGF and its Japanese advisors, Nomura Asset Management and Sumitomo Mitsui Asset Management Company Limited.

Stephen joined AGF in 1987 and has over 20 years of investment industry experience. In 1991, he established AGF’s wholly owned subsidiary, AGF International Advisors Company Limited in Dublin, Ireland and ran the operations as Managing Director from 1991 to 1994.

Stephen holds a BA in Administrative and Commercial Studies from the University of Western Ontario. He is a member of the Toronto CFA Society.

Philosophy:
Stephen’s conservative growth investment philosophy combines a top-down perspective with bottom-up fundamental research. His 3C process focuses on three criteria – country, company and control. The team first identifies countries that meet their valuation and growth criteria. In those countries, they locate undervalued companies whose growth prospects have yet to be recognized by the market. Controls are then applied at the country, company and portfolio levels to help avoid volatile markets, adjust security weightings and benefit from broad sector and geographic diversification.

Funds Advised:
AGF Global Dividend Fund	AGF Global Real Estate Equity Class
AGF Global Equity Class	AGF World Opportunities Fund
AGF Global Equity Fund *