AGF Announces Proposed Investment Objective Changes to AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF
30 Novembre 2021 - 12:07AM
AGF Investments Inc. (TSX:AGF.B) announced today proposed changes
to the investment objectives for AGFiQ US Market Neutral Anti-Beta
CAD-Hedged ETF (Ticker: QBTL) (the “ETF”), subject to obtaining
unitholder and regulatory approval.
Following an extensive review, AGF and AGF Investments LLC, as
sub-advisor, believe it is in the best interests of the ETF and its
unitholders to change from a passive, index tracking strategy to a
rules-based, active strategy.
Currently, the ETF seeks performance results that correspond to
the price and yield performance, before fees and expenses, of the
Dow Jones U.S. Thematic Market Neutral Low Beta Index (CAD-Hedged).
The ETF’s proposed new investment objective seeks to provide a
consistent negative beta exposure to the U.S. equity market by
investing primarily in long positions in low beta U.S. equities and
short positions in high beta U.S. equities on a dollar neutral
basis, within sectors. There will be no changes to the ETF’s use of
leverage.
“We believe these changes will improve the investor experience,”
said Bill DeRoche, Chief Investment Officer and Portfolio Manager,
AGF Investments LLC. “We believe an active approach to managing
QBTL will provide greater flexibility to produce more consistent
negative beta exposure that, when combined with U.S. equity
exposure, can reduce U.S. equity market drawdown magnitude, and
improve risk-adjusted returns over time.”
A special meeting of unitholders will be held virtually on or
about January 20, 2022 to consider and approve the proposed change
to the investment objectives of the ETF. Subject to receipt of all
necessary approvals, the new investment objective is anticipated to
be implemented on or about January 28, 2022. The following
additional changes will be made to the ETF concurrent with the
change to the investment objectives:
- Investment strategies updated to align with the new investment
objectives; and
- Risk factors updated to reflect the change in investment
objectives and investment strategies.
There are no anticipated changes to the ETF’s name, ticker
symbol, fees and expenses, portfolio managers or its performance
benchmark.
Additional information about the proposed investment objective
and ancillary changes will be provided in the ETF’s management
information circular. In advance of the special meeting, a
notice-and-access document will be mailed to the ETF’s unitholders
of record as at December 6, 2021. The notice-and-access document
will describe the various ways in which unitholders can obtain a
copy of the management information circular. The management
information circular will also be available at www.sedar.com.
Further information about the AGF ETFs can be found at
AGF.com.This information is not intended to provide legal,
accounting, tax, investment, financial, or other advice, and should
not be relied upon for providing such advice. Commissions,
management fees and expenses all may be associated with an
investment in exchange-traded funds (ETFs). Please read the
prospectus or relevant ETF Facts before investing. ETFs are not
guaranteed, their values change frequently and past performance may
not be repeated. Units of ETFs are bought and sold at market price
on a stock exchange and brokerage commissions will reduce
returns.
About AGF Management Limited
Founded in 1957, AGF Management Limited (AGF) is an independent
and globally diverse asset management firm. AGF brings a
disciplined approach to delivering excellence in investment
management through its fundamental, quantitative, alternative and
high-net-worth businesses focused on providing an exceptional
client experience. AGF’s suite of investment solutions extends
globally to a wide range of clients, from financial advisors and
individual investors to institutional investors including pension
plans, corporate plans, sovereign wealth funds and endowments and
foundations.AGF has investment operations and client servicing
teams on the ground in North America, Europe and Asia. With over
$42 billion in total assets under management and fee-earning
assets, AGF serves more than 700,000 investors. AGF trades on the
Toronto Stock Exchange under the symbol AGF.B.
Media Contact
Amanda MarchmentDirector, Corporate
Communications416-865-4160amanda.marchment@agf.com
The Dow Jones U.S. Thematic Market Neutral Low Beta Index (CAD
Hedged) is a product of S&P Dow Jones Indices LLC or its
affiliates ("SPDJI") and has been licensed for use. Standard &
Poor's® and S&P® are registered trademarks of Standard &
Poor's Financial Services LLC ("S&P"); Dow Jones® is a
registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"). The AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF is
not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones,
S&P or their respective affiliates, and none of such parties
make any representation regarding the advisability of investing in
such product nor do they have any liability for any errors,
omissions, or interruptions of the Dow Jones U.S. Thematic Market
Neutral Low Beta Index.
AGF Management (TSX:AGF.B)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
AGF Management (TSX:AGF.B)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024