AGF partners with SEI Trust Company to launch Collective Investment Trust Funds for Retirement Plans
New Funds Provide Clients with Greater Diversification and Access to Seasoned Managers
BOSTON, April 18, 2012 /CNW/ - AGF Investments America Inc. (AGFA), a subsidiary of global investment management firm AGF Management Limited (AGF), and SEI Trust Company (STC) today announced a partnership to offer a suite of collective investment trust (CIT) funds. AGFA and STC will introduce three new CIT funds designed for qualified retirement plans looking for global equity diversification.
These new funds will provide qualified plan sponsors and retirement plans with a cost-effective way of accessing AGF's experienced investment managers. STC, a wholly owned subsidiary of SEI Investments Company (SEI) and a leader in providing CIT services for over 20 years, will serve as trustee for the new products.
"As our institutional business gains momentum, we continue to expand our product line-up to offer investment solutions that meet the needs of U.S. retirement plans," said Thomas Clancy, Vice-President, Head of U.S. Distribution for AGF Investments America Inc. "To satisfy the increasing demand for these types of pooled solutions, we have chosen existing strategies offered by some of our top investment teams."
The suite of CIT fund offerings include:
- AGF Global Core Equity Collective Fund - Advised by AGF's Global Equity Team led by Stephen Way, CFA, who has close to 25 years of investment industry experience. Stephen has a 15-year track record on the Global Equity strategy, which he has managed since inception, achieving consistent top quartile performance.
- AGF Emerging Markets Focused Equity Collective Fund - Also advised by AGF's Global Equity Team and led by Stephen Way. AGF's emerging markets strategy has a strong consistent track record and has enjoyed tremendous demand from institutional investors.
- AGF Global Resources Collective Fund - Advised by AGF's Global Resources Team, led by Robert Lyon, CFA, a seasoned resources manager with over two decades of investment experience. The Team has received several honours and recognition over the past year for managing this investment strategy.
"We are pleased to partner with SEI, an industry leader with a solid reputation in the growing CIT marketplace," said Chris Boyle, Senior Vice-President, Institutional for AGF Investments Inc. "Their expertise in this area will be invaluable as we offer these global investment strategies that are well suited for defined contribution retirement plans."
About STC
SEI Trust Company is a wholly owned subsidiary of SEI. SEI Trust Company provides trustee services to collective investment trusts.
About SEI
SEI (NASDAQ:SEIC) is a leading global provider of investment processing, fund processing, and investment management business outsourcing solutions that help corporations, financial institutions, financial advisors, and ultra-high-net-worth families create and manage wealth. As of December 31, 2011, through its subsidiaries and partnerships in which the company has a significant interest, SEI manages or administers $404 billion in mutual fund and pooled or separately managed assets, including $172 billion in assets under management and $232 billion in client assets under administration. For more information, visit www.seic.com.
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. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With USD $47 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.
For Plan Sponsor information contact:
Thomas Clancy
Vice-President, Head of U.S. Distribution
617-742-3293
[email protected]
For media inquiries contact:
Karen Archer
Manager, Corporate Communications
416-865-4295
[email protected]
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