AGF to launch multi-manager fund

The fund will bring together the portfolio management talents of AGF, Brandes Investment Partners L.P. of San Diego, and Chicago’s Driehaus Capital Management Inc. in an RSP-eligible multi-manager fund. The prospectus notes that five individual managers will work on the fund, although they are not named.

The fund’s objective is long-term capital growth, while maintaining 100% RSP eligibility. It will use a mix of direct foreign security investments and derivatives to stay within foreign content restrictions. The maximum annual management fee is 2.50%.

The fund will be sold on either a front-end sales charge of 0% to 6%, or a deferred sales charge that pays dealers 4.9% up front on a DSC schedule that starts at 5.5%, declining to 0% after seven years. It will pay the standard 1% trailer on front-end sales and 0.5% on DSC sales.