AGF makes amendments to Elements program
Changes made to Advantage benchmarks and timing of quarterly rebalancing
- By: IE Staff
- August 4, 2006 August 4, 2006
- 12:59
Changes made to Advantage benchmarks and timing of quarterly rebalancing
Unitholders are expected to benefit from cost savings and increased efficiencies
Fund closes with $70 million in capital commitments
Some fund names also changed to focus on risk profile
Notes have 100% principal repayment guarantee and exposure to hedge funds
New class allows investors to pay a fee rather than a sales charge
Fund will now have more flexibility to invest in large-cap Canadian equities
Fees replace with tiered increase in management and administration fees
AllianceBernstein replaces UBS Global Asset Management Co.
Funds no longer cost competitive
Investors gain more exposure to high-quality small- and mid-cap North American equities
Minimum investment of $2,500
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