Toronto-based AGF Investments Inc. has launched AGF Flex Asset Allocation Fund. This fund invests mainly in equities, fixed-income, commodities, property and infrastructure through exchange-traded funds to give unitholders exposure to a wide range of asset classes, market capitalization and sectors. Boston-based State Street Global Advisors, the asset-management arm of State Street Corp., will act as the fund’s portfolio manager. Advisor commissions are 0%-6% for front-end sales, 5% for deferred sales or 2.5% for the low-load option. Redemption fees begin at 5.5% for Year 1 and end at zero after Year 7 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 for the low-load schedule. Trailing commissions are 0.5% for front-end sales; 0.25% for the first seven years of deferred sales, and 0.5% thereafter; and 0.25% for the first three years of low-load sales, and 0.5% thereafter. Management fees are 1.5% for A-class units and 1% for F-class units. Minimum investment is $500.


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