AGF Funds Inc. is asking unitholders to approve changes in the investment objectives of AGF MultiManager Class and AGF RSP MultiManager Fund.
The meeting will take place on March 7 at AGF’s head office in Toronto.
AGF proposes the change to the investment objectives to bring the funds’ assets together under the direction of one portfolio manager — AGF Funds Inc., with Dublin-based AGF International Advisors Ltd. (AGFIA) remaining as portfolio advisor.
As well, it proposes narrowing the scope of the funds’ current multi-investment style approach to global value.
“We’ve appointed one of the industry’s best portfolio advisors to these funds,” said Clive Coombs, executive vp, investment management, AGF Funds Inc., in a release.
“With AGFIA currently investing across the globe through a number of separate European, U.S. and international equity mandates, their proven process will now be available to security holders through one global value offering and its RSP equivalent.”
AGF says the annual and special meeting of security holders of the All World Tax Advantage Group Ltd., AGF Canadian Growth Equity Fund Ltd. and AGF Canadian Resources Fund Ltd. will also take place at this time.
AGF proposes changes to MultiManager funds
Investment objectives to be narrowed to "global value"
- By: IE Staff
- January 19, 2005 January 19, 2005
- 14:40