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AGF Announces Management Fee Reductions and Risk Rating Changes

March 8, 2018 • Announcements

AGF Investments Inc. (AGF) today announced a series of management fee reductions and risk rating changes to its product line-up.

“We continually review our line-up to ensure our clients have access to products that are competitively priced and responsive to market trends,” said Florence Narine, Senior Vice President, Head of Product, AGF Investments Inc.

Management Fee Reductions

Effective April 1, 2018, AGF is reducing management fees on AGF Emerging Markets Fund/Class and AGF Fixed Income Plus Fund/Class. The management fee reductions are across the MF series,  F series and the high-net-worth series (Q/W), and range from 10 bps to 50 bps.

 

Revised MF Management Fee

Revised F Management Fee

Revised Q Management Fee

Revised W Management Fee

AGF Emerging Markets Fund

2.00%

1.00%

0.90%

-

AGF Emerging Markets Class

2.00%

1.00%

0.90%

-

AGF Fixed Income Plus Fund

1.20%

-

0.60%

0.60%

AGF Fixed Income Plus Class

1.20%

-

0.60%

0.60%

Risk Rating Changes

Effective today, AGF is changing the risk ratings for 11 funds, with 10 decreasing their risk rating and one increasing its risk rating.

These changes result from compliance with the Canadian Securities Administrators’ Mutual Fund Risk Classification Methodology, which became effective on September 1, 2017. Previously, AGF followed a risk classification methodology based on the approach recommended by The Investment Funds Institute of Canada. No material changes have been made to the investment objectives, strategies or management of the Funds. 

Fund Name

Previous Risk Rating

Revised Risk Rating

AGF Asian Growth Class

High

Medium to High

AGF Asian Growth Fund (Series S only)*

High

Medium to High

AGF Canadian Small Cap Fund

Medium to High

Medium

AGF Emerging Markets Balanced Fund

Medium

Low to Medium

AGF Emerging Markets Class

High

Medium

AGF Emerging Markets Fund

Medium to High

Medium

AGF European Equity Fund (Series S only)*

Medium

Medium to High

AGF Global Dividend Fund

Medium

Low to Medium

AGF Global Dividend Class

Medium

Low to Medium

AGF Global Resources Fund (Series S only)*

High

Medium to High

AGF U.S. Small-Mid Cap Fund

High

Medium to High

*These Funds only offer Series S units, which are available for purchase only by institutional investors who meet the eligibility requirements set out in the applicable simplified prospectus.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is a diversified global asset management firm with retail, institutional, alternative and high-net-worth businesses. As an independent firm, AGF brings a disciplined approach to delivering excellence in investment management and providing an exceptional client experience. AGF’s suite of diverse investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.

AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With $37 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

Media Contact

Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com 

MEDIA

Media Contact

Amanda Marchment
Director, Corporate Communications
Phone: 416-865-4160
Email: amanda.marchment@agf.com

Karrie Van Belle
SVP, Head of Marketing and Communications
Phone: 416-865-4320