AGF launches sustainable, bond ETFs

Toronto-based AGF Investments Inc. on Friday launched two new actively managed ETFs: one focused on sustainable equities, the other on global bonds.

The AGF Global Sustainable Growth Equity ETF uses the same strategy as the mutual fund with the same name, which has been around since 1991. The fund invests in global equities that fall into four impact themes: energy and power technologies, water and wastewater solutions, waste management and pollution control, and health and well-being.

The management fee for the ETF, which started trading Friday on the NEO Exchange, is 0.65%, and the risk rating is medium. AGF has also reduced the management fee on the mutual fund series from 2% to 1.65%, and on the F-series fund from 0.9% to 0.65%.

The AGF Global Opportunities Bond ETF invests primarily in government and corporate fixed income securities from around the world, an AGF release said. Also trading on NEO, the fund’s risk rating is low and the management fee is 0.65%.

AGF also launched two mutual funds with strategies that are “substantially similar” to existing portfolio ETFs, the release said.

The AGFiQ Global Balanced ETF Portfolio Fund and the AGFiQ Global Income ETF Portfolio Fund invest in equities, fixed income and non-traditional asset classes.

The balanced fund, which has a risk rating of low to medium, seeks reduced volatility, the release said. The low-risk income fund seeks to generate regular income. For both products, the mutual fund series fee is 1.55% and the F-series fee is 0.55%.

Staff

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