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AGF Global Equity Fund

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Why AGF Global Equity Class?

1 | 20-year track record.

The Fund has successfully navigated various market conditions due to our disciplined process.

2 | Proven investment process.

Our top-down country allocation framework enables us to identify attractive markets while our bottom-up approach allows us to uncover quality companies that can sustain profitability for longer.

3 | Focus on managing risk.

Risk controls implemented at the country, sector and company level have contributed both to downside protection and upside capture.

Consistent outperformance

The Fund has outperformed its peers 100% of the time on a rolling 5-year basis.

Global Equity 5yr rolling returns

Source: Morningstar Direct, as of January 31, 2017.

Annualized Performance
(C$, net of fees as of March 31, 2017)
1 yr.3 yr.5 yr.10 yr.PSD*
AGF Global Equity Class 16.8 10.5 13.3 4.8 5.2
Morningstar Global Equity peer group (number of funds) 14.1
(1,399 funds)
8.9
(1,013 funds)
12.0
(709 funds)
4.4
(285 funds)
-

Source: AGF Investment Operations. Morningstar, as of March 31, 2017. *PSD = Performance Start Date (May 18, 1995).

How the process has contributed to outperformance

The right stock in the wrong country can prove unfavourable to investors. 

Our proprietary country allocation framework enables us to identify attractive countries. This, combined with our rigorous fundamental bottom-up security selection, has contributed to excess returns.

Looking back of the last 10 years (ending December 31, 2016), what helped the Fund outperform? 


Global Equity

Source: AGF Risk & Portfolio Analytics, as of December 31, 2016

© 2016 Morningstar Research Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For greater detail see www.morningstar.ca. Morningstar Ratings reflect performance as of December 31, 2016 and are subject to change monthly. The ratings are calculated from the funds' 3-year returns measured against 91-day Treasury bill and peer group returns.

® CFA and Chartered Financial Analyst are trademarks owned by CFA Institute.

The information contained herein is intended to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of a specific investor. We strongly recommend consulting with a professional advisor prior to making investment decisions.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated.

The All World Tax Advantage Group is a mutual fund corporation that currently offers approximately 20 different classes of securities. In addition to fund diversification by investment style, geography and market capitalization, a key benefit of investing in any of the classes within the group is the possibility of sharing incurred expenses (and losses) of the combined structure potentially offsetting income earnings to minimize chance of a dividend declaration. For a more detailed explanation, please see AGF.com/disclaimers.

Publication Date: June 01, 2017.

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There's no substitute for experience

There are few funds in the global equity category that have a more experienced portfolio manager at the helm. Stephen Way, Senior Vice-President and Portfolio Manager of AGF Global Equity Class has more than two decades of experience focused on global equities and has managed the fund since its inception in 1995. Stephen is backed by the strength of the global equity team whose collective industry experience and globally diversified cultural backgrounds enable them to locate opportunities unrecognized by the market.

This brochure explains the team’s investment process and highlights their global expertise and experience.
Building a framework to take advantage of global opportunities
A Q&A with Stephen Way, Senior Vice-President and Portfolio Manager

Source:
Slide 1 : MSCI (Developed) World Index (as at December 31, 2014).
Slide 2 : AGF Investments Inc., Bloomberg – top performing countries 1985-2014 on a calendar-year basis.
Slide 3 : AGF Investment Operations, Bloomberg and MSCI, as of December 31, 2014. For illustrative purposes only. You cannot invest in an index. Please consult your financial advisor regarding your particular circumstances.

While the articles of AGF All World Tax Advantage Group Limited provide authority to make distributions out of capital and AGF All World Tax Advantage Group Limited intends both to calculate capital in the manner contemplated by the corporate statute for corporations that are not mutual fund corporations and only to declare distributions out of capital if there is sufficient capital attributable to a series, no definitive case law exists to confirm that a mutual fund corporation may make distributions of capital and how it is to be calculated. Further, no advance income tax ruling has been requested or obtained from Canada Revenue Agency, nor is AGF aware of any published advance income tax ruling or the possibility of obtaining such a ruling, regarding the characterization of such distributions or the calculation of capital for such purposes.

Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com).

The information contained in this fund profile is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero. The performance of a Fund may have been different had events such as mergers, portfolio manager changes and investment objective changes not taken place.

AGF Global Value Fund merged into AGF Global Equity Fund on May 20, 2016.

REASONS TO INVEST IN THIS FUND

This diversified global equity fund invests in attractively priced quality companies around the world, providing investors with capital growth potential and prudent risk management.

INVESTMENT PROCESS

The portfolio manager uses a country allocation framework to identify key regions of opportunity, then uses in-depth fundamental analysis providing insight into the best-quality companies that will reward investors over the long term.

Portfolio Managers / Advisors
Senior Vice-President and Portfolio Manager
AGF Investments Inc.
Expand All
Date as of 09-30-2017

Performance

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Portfolio Details

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Fund Overview

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Risk Management

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Related & Regulatory Documents

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Please refer to AGF.com for distribution information.

˜MER as of March 31, 2017. 1The distribution is not guaranteed, may be adjusted from time to time at the discretion of the fund manager and may vary from payment to payment. Amount shown, if any, is the most recent distribution amount. ¤Cash is not included. Note: numbers may not add up to 100% because of rounding.

On April 18, 2008, the Fund changed its investment objective to provide long-term capital growth and invest primarily in shares of companies around the world. The Fund may invest up to 25% of its assets in companies in emerging markets.

The information contained in this fund profile is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero. The performance of a Fund may have been different had events such as mergers, portfolio manager changes and investment objective changes not taken place.

Investment objective & strategy

Conservative Growth

The team uses an Economic Value-Added (EVA) growth approach that focuses on country allocation and corporate economic profit to drive long-term returns while controlling risk.

Investment process

process


Buy Discipline:Sell Discipline:
  • Undervalued
  • Attractive earnings momentum
  • Prospects for value creation (EVA)
Country:
  • Shift in country allocation framework
Company:
  • Company's medium-term outlook deteriorates
  • Stock appears fully valued
  • Trust in management is lost

The information contained in this fund profile is designed to provide you with general information related to investment alternatives and strategies and is not intended to be comprehensive investment advice applicable to the circumstances of the individual. We strongly recommend you to consult with a financial advisor prior to making any investment decisions. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in share and/or unit value and reinvestment of all dividends and/or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed; their values change frequently and past performance may not be repeated. The payment of distributions should not be confused with a fund's performance, rate of return or yield. If distributions paid by the fund are greater than the performance of the fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a fund, and income and dividends earned by a fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base falls below zero, you will have to pay capital gains tax on the amount below zero. The performance of a Fund may have been different had events such as mergers, portfolio manager changes and investment objective changes not taken place.

AGF Global Value Fund merged into AGF Global Equity Fund on May 20, 2016.

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