AGF Replaces Portfolio Manager for AGF Floating Rate Income Fund
July 25 2022 - 8:00AM
AGF Investments Inc. (TSX:AGF.B) is pleased to announce that
effective today, Credit Suisse Asset Management, LLC and AGF have
been named portfolio managers of AGF Floating Rate Income Fund.
“After an extensive search process, we are pleased to partner
with Credit Suisse Asset Management’s Credit Investment Group
(“CSAM CIG”) as we look to grow and enhance our floating rate
strategy,” said Karrie Van Belle, Chief Marketing & Innovation
Officer, AGF. “The CSAM CIG team has extensive experience and a
rigorous process with a demonstrated history of attractive
performance in this asset class, making them the right fit for
AGF.”
John G. Popp, Global Head and Chief Investment Officer of CSAM
CIG, said, “We are pleased to partner with AGF on their AGF
Floating Rate Income Fund, which will expand CSAM CIG’s investor
base, underscoring our position as one of the largest and most
experienced providers of leveraged finance solutions in the
industry.”
As part of its commitment to sustainable investing, AGF values
CSAM CIG’s approach to ESG, which is incorporated in their loan
analysis and portfolio construction processes.* Both firms are also
signatories to the United Nations-supported Principles for
Responsible Investment.
AGF has also been named a portfolio manager on AGF Floating Rate
Income Fund and will be responsible for currency management.
Management Fee Reductions
Effective August 1, 2022, management fees will be reduced for
AGF Floating Rate Income Fund (Series F, Series FV, Series Q and
Series W), AGF Global Real Assets Fund (Series F) and AGF Global
Real Assets Class (Series F) as follows:
AGF Fund |
Series |
Management Fee Change |
AGF Floating Rate Income Fund |
Series F |
0.95% changed to 0.65% |
Series FV |
0.95% changed to 0.65% |
Series Q |
0.80% (maximum) changed to 0.65% (maximum) |
Series W |
0.80% (maximum) changed to 0.65% (maximum) |
AGF Global Real Assets Fund |
Series F |
1.00% changed to 0.70% |
AGF Global Real Assets Class |
Series F |
1.00% changed to 0.70% |
Further information about the AGF Funds can be found at
AGF.com.
* AGF Floating Rate Income Fund is not an ESG or SRI strategy,
however, in evaluating and researching securities within the
framework of the strategy, ESG factors and considerations are
integrated into the fundamental research process.
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, private
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. AGF has investment operations and client servicing teams on
the ground in North America, Europe and Asia. With nearly $38
billion in total assets under management and fee-earning
assets, AGF serves more than 800,000 investors. AGF trades on the
Toronto Stock Exchange under the symbol AGF.B.
AGF Investments Inc. is a subsidiary of AGF.
This information is not intended to provide legal, accounting,
tax, investment, financial, or other advice, and should not be
relied upon for providing such advice. 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.
Media Contact
Amanda MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
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