AGF Management Limited says that money market mutual funds of its subsidiary AGF Funds Inc. have no exposure to asset-backed commercial paper.

AGF’s money market funds include AGF Canadian Money Market Fund, AGF U.S. Dollar Money Market Account and Harmony Money Market Pool.

AGF further communicated that no companies within the AGF group have investments in asset-backed commercial paper, including AGF Trust.

AGF Trust Company President Mario Causarano also addressed AGF Trust’s funding by commenting, “AGF Trust has multiple sources of funding and primarily funds loans by selling Guaranteed Investment Certificates with Canada Deposit Insurance Corporation insurance.”

“We intend to use existing sources of funding as we continue to grow our loan assets while maintaining disciplined loan underwriting and credit risk management processes,” explained Causarano in a news release.

AGF will report its third quarter results on September 26.