AGF Funds Inc. is appointing a new manager for one of its investment pools in Harmony, its wrap program, the company announced Thursday.

Teaneck, N.J.-based Systematic Financial Management, L.P. will assume management of the value portion of the Harmony U.S. Equity Pool effective immediately. The move follows a comprehensive review of managers on the Harmony program by independent and objective third party consultants, Wilshire Associates Inc.

“Systematic was chosen for its disciplined investment style that has provided consistent above benchmark results over the long-term,” said Larry Herscu, senior vice president, product management and marketing, AGF Funds Inc. “Systematic’s investment philosophy focuses on identifying companies exhibiting a combination of attractive valuation and a positive earnings catalyst.”

Systematic employs a team approach to portfolio management. Kevin McCreesh, chief investment officer, will be principally responsible and will lead a team of six portfolio managers and six equity analysts on the value portion of the Harmony U.S. Equity Pool.