TORONTO, July 25 10, 2022 (GLOBE NEWSWIRE) — AGF Investments Inc. (TSX:AGF.B) is pleased to announce that effective today, Credit Suisse Asset Management, LLC and AGF have been appointed portfolio managers of the AGF variable rate income.
“After an extensive research process, we are delighted to partner with Credit Suisse Asset Management’s Credit Investment Group (“CSAM CIG”) as we seek to develop and enhance our floating rate strategy,” said Karrie Van Belle, Chief Marketing & Innovation Officer, AGF. “The CSAM CIG team has extensive experience and a rigorous process with a proven track record of attractive performance in this asset class, making it the ideal fit for AGF.”
John G. Popp, Global Head and Chief Investment Officer of CSAM CIG, said, “We are delighted to partner with AGF on their AGF Floating Rate Income Fund, which will broaden CSAM CIG’s investor base, underscoring our position as one of the largest and most experienced providers of leveraged finance solutions in the industry.
As part of its commitment to sustainable investing, AGF values CSAM CIG’s ESG approach, which is integrated into its loan analysis and portfolio construction processes.* Both companies are also signatories to the Principles for Sustainable Investing. investment supported by the United Nations.
AGF has also been appointed portfolio manager of the AGF Floating Rate Income Fund and will be responsible for currency management.
Reductions in management fees
Effective August 1, 2022, management fees will be reduced for AGF Floating Rate Income Fund (Series F, Series FV, Series Q and Series W), AGF Global Real Assets Fund (Series F) and AGF Global Real Asset Class (Series F). as following:
|AGF Funds||Series||Change in management fees|
|AGF Floating Rate Income Fund||F-Series||0.95% replaced by 0.65%|
|FV-Series||0.95% replaced by 0.65%|
|Q-Series||0.80% (maximum) replaced by 0.65% (maximum)|
|W-series||0.80% (maximum) replaced by 0.65% (maximum)|
|AGF Global Real Assets Fund||F-Series||1.00% replaced by 0.70%|
|AGF Global Real Assets Class||F-Series||1.00% replaced by 0.70%|
More information about AGF Funds can be found at AGF.com.
*AGF Floating Rate Income Fund is not an ESG or SRI strategy, however, when evaluating and researching securities under the strategy, ESG factors and considerations are incorporated into the research process fundamental.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent, globally diversified asset management company. AGF takes a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, private alternatives and high net worth businesses focused on delivering an exceptional client experience. AGF’s suite of 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, endowments and foundations.
AGF has investment operations and customer service teams on the ground in North America, Europe and Asia. AGF has investment operations and customer service teams on the ground in North America, Europe and Asia. With nearly $38 billion in assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF is listed on the Toronto Stock Exchange under the symbol AGF.B.
AGF Investments Inc. is a subsidiary of AGF.
This information is not intended to provide legal, accounting, tax, investment, financial or other advice, and should not be relied upon to provide such advice. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Director, Corporate Communications