AGF Funds Inc. is making its new AGF Dollar Cost Averaging Fund available for purchase on January 19, the company said Monday.

Investors can make lump-sum investments into the new fund and over a 12-month period that initial investment is systematically transferred in increments into the designated AGF funds of their choice. Investors may choose from over 50 AGF mutual funds across a broad range of asset classes as their designated funds.

“Many advisors have been telling us their clients are concerned about making big lump-sum purchases right now due to market volatility,” says AGF Funds Inc. president Randy Ambrosie. “The AGF Dollar Cost Averaging Fund is an ideal solution since it automatically divides an investment into smaller regular purchases, which can help lower the impact of dramatic market swings.”

“The strategy of dollar cost averaging can help ease the concerns investors may have about how and when to get into the market,” says Ambrosie. “Our new fund will make it even easier for advisors to implement this strategy and gradually ease their clients into the market.”

IE