AGF Investments Reduces Fees and Adjusts Risk Ratings
AGF Investments Brings Positive Changes to Fund Management
AGF Investments Inc. is excited to unveil new fee structures and updated risk ratings aimed at enhancing value for investors. This initiative reflects AGF's ongoing commitment to adapting its products to better serve market demands and client needs.
Management Fee Adjustments
Starting from May 1, AGF Investments will implement reductions in management fees on several funds. This change signals AGF’s responsiveness to market conditions and its dedication to improving the affordability of its investment products.
Details on Fee Reductions
Here are some notable changes in management fees:
- AGF Equity Income Fund: Fee reduced from 0.85% to 0.80% for Series F.
- AGF European Equity Class: Significant fee cut from 2.50% to 1.90% for Series MF and Series T.
- AGF Global Strategic Income Fund: Management fees decreased from 2.25% to 2.00% across Series MF, T, and V.
Fixed Administration Fees
In addition to management fee reductions, AGF is also lowering administration fees. Effective May 1, these adjustments will further enhance the cost-effectiveness of the funds:
- AGF European Equity Class: Administration fee reduced from 0.38% to 0.17% for Series MF and Series T, while Series F sees a dramatic decrease from 0.32% to 0.02%.
Revised Risk Ratings for Enhanced Transparency
Alongside the fee changes, AGF Investments has also updated the risk ratings for select funds. This annual assessment process ensures that the ratings accurately reflect the nature of investment risks associated with each fund.
New Risk Ratings
As part of these updates:
- AGF European Equity Class and AGF European Equity Fund: Risk rating moved from Medium-High to Medium.
These adjustments are reflective of AGF's thorough analysis and commitment to providing transparent and reliable investment options.
About AGF Investments
AGF Investments operates under AGF Management Limited, an esteemed asset management company with a long-standing history. Established in 1957, AGF has grown into a globally diverse firm known for its disciplined investment strategy. With over $52 billion in assets under management, AGF continues to fulfill the needs of more than 815,000 investors in various sectors, including individual and institutional investors.
AGF takes pride in emphasizing responsible and sustainable investment practices through its diverse suite of services, ensuring that both clients' values and financial goals align seamlessly.
Media Inquiries and Contact Information
For more insights about AGF Investments and its offerings, please contact:
Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com
Frequently Asked Questions
What are the recent changes in fees by AGF Investments?
AGF Investments has announced reductions in management and administration fees for several of its funds, effective May 1.
How is AGF ensuring competitive pricing for its funds?
The firm reviews its product offerings regularly, adjusting fees where necessary to remain competitive and responsive to market trends.
What updates were made to the risk ratings?
The company has adjusted the risk ratings of the AGF European Equity Class and Fund, moving them from Medium-High to Medium.
Where can I find more information about AGF’s funds?
Detailed information about AGF Funds can be found at AGF's official website.
How long has AGF Management Limited been operational?
AGF Management Limited has been in operation since 1957, making it a reputable player in the asset management industry.
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