AGF today launched AGF International Value Class, a tax-advantaged version of the AGF International Value Fund.

The new fund joins the AGF All World Tax Advantage Group, which allows investors to maximize total returns by deferring capital gains tax when they transfer among the group’s funds. The AGF International Value Class is managed by Harris Associates L.P. and follows the same mandate as AGF International Value Fund.

The new fund expands the AGF All World Tax Advantage Group to a total of 20 funds that invest in regions, industries and sectors around the world. Investors can move within these funds without being subject to capital gains tax until they completely redeem out of the group.

“By offering a tax-favoured version of one of our most popular funds, we are responding to the needs of our advisors and investors who want to be able to rebalance their non-registered portfolios without penalty,” said Clive Coombs, executive vice president of AGF, in a news release. “The new AGF International Value Class allows investors to make investment decisions and manage the diversification in their portfolios without worrying about the tax consequences.”