Managed Money Reporter Newsletter — Issue 116, September 1996


Editors: Carl Spiess & Allan McGlade



AGF & 20/20 Request Vote From Unit Holders

In October, unit holders of both the AGF and 20/20 groups will be requested to vote on a number of changes in which the outcome will be a new fully integrated AGF Group of Funds. The simplification and streamlining of the new AGF Group of funds was developed from direct response and needs of their clients. The proposed changes do not involve any changes in fund management. Rather, it seeks to consolidate and integrate the funds so as to eliminate duplication of, and create a new fund family with the broadest range of investment objectives and management styles.

Furthermore, the proposed changes (scheduled for January 1, 1997) will create a consolidated family of 37 funds, all to be held under the AGF Group of Funds banner, which will provide a comprehensive range of domestic and international investment objectives suitable for both aggressive and conservative investors. By preserving both the AGF and 20/20 brand names, AGF believes it will be able to take advantage of the strong commitment to excellence in money management offered by both families of funds.

Effective January 1, 1997 the following are the proposed changes to the AGF and 20/20 Groups of Funds:

  • full transferability across all AGF and 20/20 funds,
  • a consolidated prospectus,
  • one integrated client statement and lower unitholder costs,
  • grand fathering of 20/20 Asia Pacific Fund and all AGF Series A Funds. Unit holders will receive an annual management fee rebate of 1/2% distributed annually,
  • restructuring of AGF's Series A, B, and C into a single fund offered at the same price for both DSC and Front End Loads.

As AGF celebrates their 40th year in the business, they hope these changes will help simplify investing in the future and make them more competitive as we head into the 20th Century. For a complete listing of funds, please see Mutual Funds listing.


AIC Caps Old Fund & Starts New One

The AIC Advantage Fund will be cut off to new investors after September 30, 1996 however, existing holders may still add to their position through payroll deduction or Pre Authorized Chequing Plans.

The fund invests approximately 65% of its portfolio in financial services. It has had outstanding returns since its inception in 1985, and has consistently appeared in the Mutual Fund Reporter's Top 10 RSP Eligible Funds listing in all categories. The managers of the fund have decided to cap AIC Advantage since the portfolio has reached the 10% limit in most holdings, and have therefore opted to start the AIC II, a clone fund of the original which will be launched on October 1, 1996 with the same management focus in its portfolio.


Free Seminar - "The Great Boom Ahead"

ScotiaMcLeod is hosting two presentations by Harry Dent, author of the bestseller "The Great Boom Ahead". Using new research developed from his years of hands-on business experience, Mr. Dent provides business people and investors with the tools necessary to profit from the greatest boom in history, as he has done with leading companies around the world.

Seminars will be held on Wednesday, October 9, 1996 at:

  • 12-2:00 pm, O'Keefe Centre, 1 Front Street East, and
  • 5:30-7:00 pm, Arcadian Court, Simpson Tower, 401 Bay Street (8th Floor).

Attendance is limited to the first 400 people, so call today at 863-7777 to book your seat. (Refreshments will be served at both presentations).

 



Contact Us

T.  416.863.RRSP (7777)
     1.800.387.9273
F.  416.863.7479
E. carl.spiess@scotiawealth.com
    allan.mcglade@scotiawealth.com

ScotiaMcLeod is a division of Scotia Capital Inc., member of CIPF.

Security | Privacy Policy | Legal Information | Important Information | Site Map

 

 

 

® Registered trademark of The Bank of Nova Scotia, used under licence. ™ Trademark of The Bank of Nova Scotia, used under licence. Scotia Wealth Management™ consists of a range of financial services provided by The Bank of Nova Scotia (Scotiabank®); The Bank of Nova Scotia Trust Company (Scotiatrust®); Private Investment Counsel, a service of 1832 Asset Management L.P.; 1832 Asset Management U.S. Inc.; Scotia Wealth Insurance Services Inc.; and ScotiaMcLeod®, a division of Scotia Capital Inc. ("SCI"). Wealth advisory and brokerage services are provided by ScotiaMcLeod, a division of SCI. Insurance services are provided by Scotia Wealth Insurance Services Inc., the insurance subsidiary of SCI. When discussing life insurance products, ScotiaMcLeod advisors are acting as Life Underwriters (Financial Security Advisors in Québec) representing Scotia Wealth Insurance Services Inc. SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada.

The Spiess McGlade Team is a personal trade name of Carl Spiess and Allan McGlade.