1950s
AGF's co-founders Allan Manford and Warren Goldring
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"Allan Manford had a burning ambition to invest in the U.S. in a way that the average Canadian could participate."
– Warren Goldring -
1957 AGF puts U.S. on the map
AGF’s American Growth Fund was the first fund to invest solely in the U.S. – while the U.S. had undoubtedly been the world’s dominant economy since at least the end of the First World War, its attractiveness as a place to invest would not have been entirely clear to Canadians.
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AGF takes its name from the initials of the American Growth Fund, created in 1957 and the first mutual fund in Canada to invest solely in U.S. equities.
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1957 RRSPs introduced same year
In 1957, Registered Retirement Savings Plans (RRSPs) were introduced to allow individuals to have a personal retirement savings plan that provided the same tax advantages enjoyed by those with a pension plan.
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“What Henry Ford did for cars, Warren Goldring brought to the world of Canadian money management. His simple concept was to make Bay Street's high-end portfolio management skills available to Main Street's investors.”
The Globe and Mail, Apr. 15, 2009.
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AGF AGF committed to Making a Difference
AGF’s culture and ongoing commitment to community giving finds its roots 60 years ago with support for the United Way.
Dr. C.C. Goldring, Warren's father, was on the first board of directors for the United Community Fund, which was created in 1956 and later became known as the United Way.