AGF World Opportunities Fund will be terminated on April 20, AGF Funds Inc. said Tuesday.

Effective Feb. 17, units of the fund are no longer available for purchase.

AGF says the decision to terminate the fund was driven by a combination of the small number of unit holders, relatively low assets and the costs associated with maintaining such a small fund.

Prior to the termination, unit holders will have the option to switch their investment to any of AGF’s family of more than 50 mutual funds or to redeem their units. Any remaining assets on the termination date will be redeemed and re-invested in units of AGF Canadian Money Market Fund or AGF U.S. Dollar Money Market Account, depending on the currency denomination of the assets. Unit holders will not be required to pay any redemption fees or sales charges.

IE