AGF LAUNCHES NEW ASSET MANAGEMENT ETFs PLATFORM

AGF Management Ltd. announced Monday the launch of AGFiQ Asset Management, a new platform which will oversee the company’s entry into the Canadian exchange-traded fund marketplace. The new platform, which signals the fund manager is taking further steps to diversify its business beyond retail mutual funds, will launch with seven new actively managed ETFs. “Four of those ETFs are building blocks and three are what we call multi-asset class portfolios, or an ETF that is going to be made up of many ETFs,” said Kevin McCreadie, pictured, president of AGF Investments Inc.. The three multi-asset class ETFs will have as a sub-adviser Boston-based affiliate FFCM LLC, known for its QuantShares ETFs, and begin trading Monday on the Toronto Stock Exchange as QGL, QMA and QMY.