AGF Management has completed its acquisition of $276 million in mutual fund assets from ING Investment Management Inc., a subsidiary of ING Canada Inc.

The transaction received approval of the unitholders of the ING funds in a vote held June 8,.

AGF said today that 13 ING funds have been merged into corresponding AGF funds.

The agreement also includes the acquisition of the top-selling ING Canadian Dividend Income Fund, which has been renamed the AGF Dividend Income Fund. This fund will continue to be sub-advised by ING.

The changes include:

  • ING Canadian Balanced Fund merged into AGF Canadian Balanced Fund;
  • ING Canadian Bond Fund merged into AGF Canadian Bond Fund;
  • ING Canadian Equity Fund merged into AGF Canadian Stock Fund;
  • ING Canadian Financial Services Fund merged into AGF Global Financial Services Class;
  • ING Canadian Resources Fund merged into AGF Canadian Resources Fund Limited;
  • ING Canadian Small Cap Equity Fund merged into AGF Canadian Small Cap Fund;
  • ING Europe Equity Fund merged into AGF European Equity Class;
  • ING Global Brand Names Fund merged into AGF World Companies Fund;
  • ING Global Equity Fund merged into AGF World Companies Fund;
  • ING Global Equity RSP Fund;
  • merged into AGF RSP World Companies Fund;
  • ING US Equity Fund merged into newly created AGF U.S. Risk-Managed Class;
  • ING US Equity RSP Fund merged into AGF RSP American Growth Fund;
  • ING Canadian Dividend Income Fund renamed AGF Dividend Income Fund;
  • ING Canadian Money Market Fund merged into AGF Canadian Money Market Fund.


http://www.newswire.ca/en/releases/archive/August2005/08/c8107.html