Toronto-based AGF Investments Inc. announced on Tuesday proposed changes to its investment fund lineup as it aims to improve efficiencies.

The following proposed changes are expected to occur on or about May 2016, pending all required approvals:

  • AGF Global Value Class merging into AGF Global Equity Class
  • AGF Global Value Fund merging into AGF Global Equity Fund
  • AGF International Stock Class merging into AGF Global Equity Class

“Industry veteran Stephen Way has been managing the AGF Global Equity mandate for over 20 years. He and his team of experienced investment professionals oversee approximately $7.6 billion in [assets under management] for investors around the globe and have built a solid track record based on their disciplined, transparent and repeatable process,” says Kevin McCreadie, AGF’s president and chief investment officer. “With these changes we are streamlining our global equity lineup and ensuring our products represent our core competencies.”

AGF is also proposing to merge AGF Canadian Bond Fund into AGF Fixed Income Plus Fund, pending all required approvals.

Until the proposed mergers take effect, the merging funds will continue to be managed in accordance with the existing strategies and objectives set out in the prospectus. All costs and expenses associated with the mergers will be borne by AGF. More detailed information will be sent to investors (including details of the expected investor meetings) in advance of the 2016 security holder meetings.