AGF Launches New ETFs and Mutual Funds Providing Access to Leading Investment Strategies Through a Variety of Investment Vehicles - Financial Post | Canada News Media
AGF Investments Inc. (AGFI) is pleased to announce today the launch AGF Global Sustainable Growth Equity ETF (NEO: AGSG) and AGF Global Opportunities Bond ETF (NEO: AGLB) as well as AGFiQ Global Balanced ETF Portfolio Fund and AGFiQ Global Income ETF Portfolio Fund.
“Today’s launch expands AGF’s globally-focused product shelf, while offering a greater selection of our leading investment strategies across multiple investment vehicles, including both ETFs and mutual funds, said Karrie Van Belle, Chief Marketing & Innovation Officer, AGFI. “As we evolve our product line-up, we will continue to provide our clients with choice in the way they access our strategies to best suit their respective business models and investors’ portfolios.”
AGF Global Sustainable Growth Equity ETF (Ticker: AGSG)
Based on AGF’s Global Sustainable Growth Equity strategy, one of the longest track records in sustainable investing, AGF Global Sustainable Growth Equity ETF invests in global equity securities with a primary focus on providing investors long-term capital appreciation through investing in four key impact themes. AGF Global Sustainable Growth Equity ETF and the existing AGF Global Sustainable Growth Equity Fund both seek to provide long-term capital appreciation by investing primarily in a diversified portfolio of equity securities, globally, which fit each fund’s concept of sustainable development.
AGF Global Opportunities Bond ETF (Ticker: AGLB)
AGF Global Opportunities Bond ETF is a new actively managed global fixed-income strategy that seeks to provide capital appreciation and interest income by investing primarily in fixed-income securities of governments and corporations around the world.
Name/Ticker
Exchange
Risk Rating
Management Fee
AGF Global Sustainable Growth Equity ETF
(Ticker: AGSG)
NEO Exchange Inc.
Medium
0.65%
AGF Global Opportunities Bond ETF
(Ticker: AGLB)
NEO Exchange Inc.
Low
0.65%
AGF is also launching two new mutual funds with substantially similar investment strategies to AGFiQ Global Balanced ETF Portfolio and AGFiQ Global Income ETF Portfolio, which are currently managed by the AGFiQ team. The AGFiQ team’s approach is grounded in the belief that investment outcomes can be improved by assessing and targeting the factors that drive market returns. Utilizing a disciplined, factor-based approach to view risk through multiple lenses, these Funds are designed to provide diversification across a range of third party and in-house ETFs providing exposure to different regions, sectors and asset classes, while creating the potential for better risk-adjusted returns.
AGFiQ Global Balanced ETF Portfolio Fund
AGFiQ Global Balanced ETF Portfolio Fund seeks to provide long-term capital appreciation with reduced volatility by investing, directly or indirectly, including through ETFs, in global equity and fixed-income securities including securities related to non-traditional asset classes.
AGFiQ Global Income ETF Portfolio Fund
AGFiQ Global Income ETF Portfolio Fund seeks to generate capital growth and regular income by investing, directly or indirectly, including through ETFs, in global equity and fixed-income securities including securities related to non-traditional asset classes.
Name
Fund Series Available
Risk Rating
Management Fee
AGFiQ Global Balanced ETF Portfolio Fund
MF, F
Low to Medium
MF – 1.55% F – 0.55%
AGFiQ Global Income ETF Portfolio Fund
MF, F
Low
MF – 1.55% F – 0.55%
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and high-net-worth businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With $37 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
About AGFiQ
AGFiQ is the quantitative investment platform for AGFI powered by an intellectually diverse, multi-disciplined team that combines the complementary strengths of investment professionals across AGFI and its affiliates.
AGF Investments Inc. (AGFI) is a subsidiary of AGF. AGFI is registered as a portfolio manager across Canadian securities commissions.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances the fund will be able to obtain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you.
ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers. Commissions, management fees and expenses all may be associated with investing in ETFs. Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. There is no guarantee that ETFs will achieve their stated objectives and there is risk involved in investing in the ETFs. Before investing you should read the prospectus or relevant ETF Facts and carefully consider, among other things, each ETF’s investment objectives, risks, charges and expenses. A copy of the prospectus and ETF Facts is available on AGF.com.
Media Contact: Amanda Marchment Director, Corporate Communications 416-865-4160, amanda.marchment@agf.com
NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.
Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.
“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”
Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.
Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.
Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.
Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.
In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.
The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.
And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
