Yahoo Finance AGF Announces Termination of AGFiQ Global Balanced ETF Portfolio Fund and AGFiQ Global Income ETF Portfolio Fund
TORONTO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF) today announced the termination of AGFiQ Global Balanced ETF Portfolio Fund and AGFiQ Global Income ETF Portfolio Fund (the “Funds”) effective at the close of business on or about April 14, 2023 (the “Termination Date”). The decision to close the Funds was driven by the small number of investors, relatively low assets, and the costs associated with maintaining such small funds.
Effective February 10, 2023, units of the Funds are no longer available for purchase and AGF has stopped accepting purchases and switches into the Funds, including systematic purchase and switch plans.
Investors can transfer their investments into another AGF fund, or redeem their units. AGF is waiving a portion of the management fee that is normally applicable to the Funds, from the close of business on February 10, 2023, until the Termination Date. Note that there may be distributions paid on the Funds, prior to termination.
Investors who remain holding the Funds in client-name registered plans will have their units switched to the same series of AGF Canadian Money Market Fund, effective on or about April 13, 2023, without any deferred sales charges applied. Investors who remain holding the Funds in client-name non-registered plans and/or nominee/intermediary-held accounts (both registered and non-registered) will have their units redeemed on or about the Termination Date, without any redemption fees or sales charges applied.
Further information about the AGF Funds can be found at AGF.com.
This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, management fees and expenses all may be associated with an investment in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm delivering excellence in investing in the public and private markets through its three distinct business lines: AGF Investments, AGF Private Capital and AGF Private Wealth.
AGF brings a disciplined approach focused on providing an exceptional client experience and incorporating sound responsible and sustainable practices. The firm’s investment solutions, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $42 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 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
