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AGF Investments
Type Public Company
Founded 1957
Headquarters Toronto, Canada
Key people Blake Goldring, Chairman and Chief Executive Officer
C. Warren Goldring, Honorary Chairman
Industry Investment Management
Products Mutual funds, AGF Elements, Harmony, AGF Trust
Employees 805[1]
Website www.agf.com

AGF Investments (formally AGF Management Limited:[2]) is a Canadian investment management company with offices across Canada and subsidiaries around the world. Founded in 1957, AGF serves more than one million investors. AGF's products and services include more than 40 mutual funds, AGF Elements portfolios, the Harmony asset management program, and AGF Trust GICs, loans and mortgages. AGF trades on the Toronto Stock Exchange (TSXAGF.B).

Contents

History

AGF was founded in 1957 by C. Warren Goldring (1927 - 2009)[3] and Allan Manford. They pooled the funds of Canadian investors giving them greater access to the U.S. market through the New York Stock Exchange with the launch of the American Growth Fund. The co-founders used the initials from the first fund to name the company. Today, AGF is one of the largest independent Canadian investment management firms. In addition to offices across Canada, AGF has international operations in London, Dublin, Singapore and Beijing.

Awards

2009 Lipper Fund Awards in Canada:[4]

  • Best Overall Fund Family
  • Best Mixed Asset Fund Family

2008 Lipper Fund Awards in Canada:[5]

  • AGF Precious Metals Fund: Best five-year returns in the Precious Metals Equity Funds category.
  • AGF China Focus Class: Best 10-year returns in the Miscellaneous Funds category.

2007 Canadian Investment Awards:[6]

  • Person of Influence of the Year Award – Blake Goldring.
  • AGF Emerging Markets Fund currently managed by Patricia Perez-Coutts for Emerging Market Fund Award.
  • AGF European Equity Class currently advised by John Arnold and Rory Flynn for European Equity Award.
  • AGF Precious Metals Fund currently managed by Bob Farquharson for Precious Metals Equity Fund Award.

Community Partnerships

AGF supports organizations that protect the environment, promote arts culture and make their communities a better place to live and work.

  • Juvenile Diabetes Research Foundation Canada (JDRF)[7]- AGF has proudly participated in JDRF’s Ride for Diabetes Research in Toronto for the past five years.
  • World Wildlife Fund-Canada – AGF first began partnering with WWF-Canada in the 1980s to raise awareness about the Sumatran tiger – their corporate symbol.
  • The Toronto Zoo – AGF supports the Toronto Zoo in its efforts to bring further awareness to the endangered Sumatran tigers and preserve their population – approximately 400 Sumatran tigers remain in the wild.
  • Canadian Film Centre and City Film Festivals – AGF has provided ongoing support to international film festivals in Toronto, Vancouver and Calgary, giving Canadian filmmakers greater exposure and Canadian audiences access to world cinema.
  • The United Way of Greater Toronto – AGF has actively participated in the annual United Way Corporate fundraising drive that raised millions of dollars to support Toronto charities. This partnership was initiated by AGF co-founder C. Warren Goldring, who joined other concerned and community-minded citizens to actively promote the concept of pooling community resources in the 1950s.
  • Other Partnerships – AGF has also made financial contributions to a number of organizations with local and global reach including, Toronto-area hospitals, Ryerson Polytechnic University, the Toronto Symphony Orchestra and other non-profits.

References

  1. ^ "Company Profile for AGF Management Ltd (CA;AGF.B)". http://zenobank.com/index.php?symbol=CA;AGF.B&page=quotesearch. Retrieved 2008-10-10.  
  2. ^ AGF Management Limited Confirms Name Change November 2009
  3. ^ [1]C. WARREN GOLDRING 1927 - 2009
  4. ^ Lipper Awards, 2009 Award Winners May 2009
  5. ^ Lipper Awards, 2008 Award Winners April 2008
  6. ^ Canadian Investment Awards, 2007 Award Winners November 2007
  7. ^ http://www.jdrf.ca/

External links

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Founded in 1957, AGF provides over one million customers with a full range of wealth management services, including a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management programme, AGF Private Investment Management, Institutional Account Services and AGF Trust's guaranteed investment certificates, loans and mortgages.

In the UK, AGF owns 30% of Smith & Williamson, an investment management, financial advisory and accounting group. AGF is distinct and separate from AGF Asset Management, the French funds business owned by Germany's Allianz.

AGF International Advisors (AGF-IA), based in Dublin, is part of AGF Management Ltd (AGF) an independent Canadian investment management company with subsidiaries around the world. AGF-IA was set up in 1994 to provide a European base for the management of AGF investments in Britain and continental Europe.

In July 2007, AGF reported that its mutual fund AUM stood at Ca$30.7bn (as at 30 June 2007), while AGF institutional and private client AUM grew 73.6% on the year to Ca$24.3bn.

Total fee-earning AUM to 30 June 2007, including mutual funds, institutional mandates and private client were Ca$54.8bn up 45.7% from Ca$37.6bn last year.

See [858] for more details.

AGF takes a disciplined, bottom-up value approach to managing its international funds and has a strong reputation for its strategic asset allocation and stock selection. Core to its approach is rigorous, fundamental research and analysis that uses multiple valuation techniques and draws heavily on the firm's proprietary research database. It selects franchise companies with solid business prospects, high dividends and strong investment fundamentals that are selling at a substantial discount to their estimated intrinsic value. In particular it takes a long term approach, investing in durable businesses that have a strategic grasp of the future and can generate reliable and growing investment returns.

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