AGF launches new mutual fund

AGF Management has added AGF World Equity Fund to its group of mutual funds.

The fund is designed to provide the company with the flexibility to pursue investment opportunities on a global scale. Recommendations regarding country weightings will be provided by Smith Barney, the second-largest U.S. brokerage and investment banking firm.

Smith Barney’s “value-based” global allocation model uses various quantitative investment and economic factors to offer a disciplined and systematic approach to country allocation.

AGF says emerging markets will be constrained to a maximum of 35% of the fund’s total assets in order to reduce overall volatility and yet offer the growth prospects that mature markets often lack.

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