AGF Announces Termination of AGFiQ Global Balanced ETF Portfolio Fund and AGFiQ Global Income ETF Portfolio Fund
10 Februar 2023 - 2:00PM
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 MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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