AGF Floating Rate Income Fund surpasses $200 million mark in new sales
TORONTO, June 12, 2013 /CNW/ - AGF advisors and investors seeking monthly
income and looking for a hedge against interest rate risk have embraced the
AGF Floating Rate Income Fund as a prime solution to help diversify the fixed
income portion of their portfolios.
Launched on April 16, 2012, the Fund is managed by Eaton Vance, the largest
floating rate loan manager by assets in North America. Through utilizing a
bottom-up research driven investment approach, backed by the seasoned
expertise of 29 Eaton Vance investment professionals, the Fund offers superior
correlation with other typical fixed income and equity solutions. Its
portfolio of U.S. senior, secured bank loans is diversified by sector, issuer
and credit tier.
"While we are pleased by the early adoption on the part of the Canadian
investor community to the merits of the AGF Floating Rate Income Fund, we are
not surprised," said Gordon Forrester, AGF Executive Vice-President, Product
and Marketing and Head of Retail. "The Fund is just one more example of AGF's
commitment to bring forth timely solutions to the Canadian investment
landscape that have proven successful and needed to help investors position
for unfolding opportunities and challenges."
"AGF has a long standing reputation of being at the forefront of bringing
innovative solutions to the market that help investors achieve their goals.
Looking out for our investors means looking beyond today's interest rate
environment and proactively launching solutions to help safeguard portfolios,"
added Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management
"From an investment perspective we are starting to see the signs that the
benchmark 10 year Canadian Government Bond yield is rising. This early
bellwether should give reason for pause, if not concern," said Martin Hubbes,
Executive Vice-President, Investments and Chief Investment Officer. "Noting
this trending development and getting in front of it with a solution like the
AGF Floating Rate Income is sound planning for the inevitability of rising
For more information about AGF and AGF Floating Rate Income Fund, please
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment
management firms with offices across Canada and subsidiaries around the world.
AGF's products include a diversified family of award-winning mutual funds,
mutual fund wrap programs and pooled funds. AGF also manages assets on behalf
of institutional investors including pension plans, foundations and endowments
as well as for private clients. With over $37 billion in total assets under
management, AGF serves more than one million investors. AGF trades on the
Toronto Stock Exchange under the symbol AGF.B.
Caution Regarding Forward-looking Statements
This release may contain forward-looking statements. Forward-looking
statements include statements that are predictive in nature, that depend upon
or refer to future events or conditions, or that include words such as
"expects", "anticipates", "intends", "plans", "believes", "estimates" or
negative versions thereof and similar expressions. In addition, any
statement that may be made concerning future performance, strategies or
prospects, and possible future Fund action, is also a forward-looking
statement. Forward-looking statements are based on current expectations and
projections about future events and are inherently subject to, among other
things, risks, uncertainties and assumptions about the Fund and economic
factors. Forward-looking statements are not guarantees of future performance,
and actual events and results could differ materially from those expressed or
implied in any forward-looking statements made by the Fund. Any number of
important factors could contribute to these digressions, including, but not
limited to, general economic, political and market factors in North America
and internationally, interest and foreign exchange rates, global equity and
capital markets, business competition, technological change, changes in
government regulations, unexpected judicial or regulatory proceedings, and
catastrophic events. It should be stressed that the above-mentioned list of
factors is not exhaustive. You are encouraged to consider these and other
factors carefully before making any investment decisions and you are urged to
avoid placing undue reliance on forward-looking statements. Further, you
should be aware of the fact that the Fund has no specific intention of
updating any forward-looking statements whether as a result of new
information, future events or otherwise, prior to the release of its next
Management Report of Fund Performance.
About Eaton Vance Corp.
Eaton Vance Corp. is one of the oldest investment management firms in the
United States, with a history dating back to 1924. Eaton Vance and its
affiliates offer individuals and institutions a broad array of investment
strategies and wealth management solutions. The Company's long record of
providing exemplary service, timely innovation and attractive returns through
a variety of market conditions has made Eaton Vance the investment manager of
choice for many of today's most discerning investors.
Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Please read the prospectus before
investing. Mutual funds are not guaranteed, their values change frequently and
past performance may not be repeated.
Liana Krmpotic Assistant, Corporate Communications
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-0- Jun/12/2013 20:03 GMT
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