Toronto-based AGF Investments Inc. has announced a series of changes designed to simplify its product lineup. The following mergers will take place on or about May 23: AGF Global Government Bond Fund will merge with AGF Global Aggregate Bond Fund; AGF All Cap 30 Canadian Equity Fund will merge with AGF Canadian Stock Fund; AGF Conservative Asset Allocation Fund will merge with AGF Canadian Asset Allocation Fund; AGF High Income Fund will merge with AGF Monthly High Income Fund; AGF High Income Class will merge with AGF Diversified Income Class; AGF Social Values Balanced Fund will merge with AGF Traditional Income Fund; and AGF Social Values Equity Fund will merge with AGF Global Equity Fund. In addition, the proposed investment objective changes for AGF Elements Global Portfolio, AGF Elements Global Portfolio Class and AGF Income Focus Fund were approved and became effective on or about April 17. These changes will provide those portfolios with greater investment flexibility and choice. As well, AGF is reducing the management fees on certain funds that are sold through the firm’s fee-based series. Effective April 1, the management fee has been lowered on the F-class units of a number of funds. For full listing of fund fee changes, please visit www.agf.com.
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