AGF Funds Inc. today announced a record investor response for its fund-of-fund AGF Elements, which has exceeded $250 million in assets under management (AUM) after only three months on the market.

AGF retained Wilshire Associates, an industry leader in institutional oversight, customized investment solutions and third-party due diligence, to build AGF Elements, one of the industry’s most innovative and fastest growing portfolio solutions.

“The launch of AGF Elements is one of the most successful in AGF’s history, breaking sales and asset records – an unprecedented feat for a product on the market only three months,” says Randy Ambrosie, executive vp, sales and marketing, AGF Funds Inc.

Launched in late November 2005, AGF Elements’ five portfolios are designed to offer advisors flexibility, while giving investors access to a diversified group of portfolio options with a low investment minimum. To date, the majority of investors have chosen the balanced portfolio (40% fixed income, 60% equities), followed by the global portfolio (100% equities).

The portfolios are reinforced by independent due diligence, a dynamic asset allocation process and a commitment to performance. If a portfolio does not match or outperform its customized benchmark over a three-year average annualized period, investors will receive up to 90 basis points (0.90%) in units.

Wilshire Associates Inc. has been retained by AGF to assist in the construction of the portfolios, conducting quarterly reviews and making recommendations for rebalancing and dynamic asset allocation. Founded in 1972, Wilshire created the Dow Jones Wilshire 5,000 Index, the broadest measure of the U.S. Equity market.