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 Ltd. "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 rates." For more information about AGF and AGF Floating Rate Income Fund, please visit: https://www.agf.com/t2scr/static/app/fundview/public/en/fund4076.jsp. 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. Media Contact: Liana Krmpotic Assistant, Corporate Communications 416-865-4154,email@example.com SOURCE: AGF To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2013/12/c7637.html CO: AGF ST: Ontario NI: FIN FND FLOWS -0- Jun/12/2013 20:03 GMT
AGF Floating Rate Income Fund surpasses $200 million mark in new sales
Press spacebar to pause and continue. Press esc to stop.