AGF completes bought deal
Proceeds to cover acquisition of Global Strategy
- By: IE Staff
- November 21, 2000 November 21, 2000
- 12:10
Proceeds to cover acquisition of Global Strategy
Assets under management climb to $14 billion
Take-over circular records trading activity
Changes aim to improve overall fund performance
Firm intends to offer C.I. and Mackenzie funds separately
Assets under management grow to more than $34 billion
Firm reviews C.I. bid, and considers alternatives
Keeps $3.9 billion price tag, extends offer to 35 days
Fees down by 25 bps on Managed Yield funds
Net earnings up 22.7%
Fidelity urges potential sellers to seek financial advice first
Majority owner of Janus funds dominant in retail equity market
Firms sign on to co-manage Global Style fund
Global, Power funds to merge
AIC funds hold 20% of Mackenzie shares
Maestral Funds take a multimanager approach
Net sales jump by 42% in turbulent month
Investors to benefit from compounding and tax deferral
Income fund changes mandate to high-yield fund
Nicholas-Applegate takes over November 30
Files prospectuses for 1World program
Canadian, Global equity funds satisfy social values for investors
Concentrating on completion of Global Strategy acquisition, says AGF president
Company to focus on investment management
Rewarding investors with balances above $500,000