AGF Funds Inc. said today that its fund-of-fund product AGF Elements has surpassed $500 million in assets under management (AUM) since its launch less than six months ago.

“Financial advisors asked for a product that provides all of the essential elements of successful investing in one simple solution and given the sales success, it’s clear we delivered with AGF Elements,” said Randy Ambrosie, executive vp, sales and marketing, AGF Funds Inc.

“Clients have told us they like the accessibility provided by a low initial minimum investment and the commitment to performance and independent due
diligence offered by Elements.”

Much of Elements’ success is attributable to the Elements Advantage, a commitment to quality of money management and the first of its kind in North America. If a portfolio does not match or outperform its customized benchmark over a three-year average annualized period, investors will receive up to 90 bps (0.90%) in additional units.

Launched in late November 2005, AGF Elements was designed entirely on advisor feedback. AGF Elements’ five portfolios were created to offer advisors flexibility, while giving investors access to a diversified group of portfolio options with a low investment minimum.

AGF retained Wilshire Associates, an industry leader in institutional oversight, customized investment solutions and third-party due diligence, to build and monitor the performance of AGF Elements.