(May 24 – 15:00 ET) – AGF Management Ltd. announced plans to open new offices in Tokyo and Beijing later this month.
This makes AGF the first Canadian fund company to open offices in Japan and China. “AGF is taking important steps towards realizing our vision of becoming a global company with a Canadian home,” said Blake Goldring, president and COO, AGF Management Ltd.
The new operations complement existing international offices in Singapore and Dublin.
AGF will offer Japanese investors AGF Japan Class fund and AGF European Growth fund in addition to AGF Canadian Growth Equity fund, which is already available for sale in Japan. AGF is also developing offshore funds for sale in the Japanese market.
AGF is launching a business alliance with Sumisei Global Investment Management Co. (SGT), a subsidiary of Sumitomo Life, through a reciprocal partnership. Both SGT and AGF will use their knowledge of the domestic market to advise, manage and market specialized mutual funds.
AGF will officially open the AGF Japanese office on June 1 in Tokyo and the Beijing office on May 31.
-IE Staff