AGF has launched three liquid alternative funds in Canada – the AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF (QBTL), AGFiQ US Long/Short Dividend Income CAD-Hedged ETF (QUDV) and AGFiQ US Long/Short Dividend Income CAD-Hedged Fund.QBTL and QUDV have each closed its initial offering of units and have begun trading on the Toronto Stock Exchange.
“We believe alternative investments are fundamental building blocks for well-constructed portfolios, helping investors diversify their sources of risk and returns, contributing to lower volatility and opportunities for better long-term risk-adjusted returns,” says Florence Narine, Senior Vice-President and Head of Product, AGF Investments Inc. “Leveraging the unique strengths of AGFiQ, AGF’s quantitative investment team, these offerings build on AGF’s long history of managing long/short, market-neutral and derivative-based strategies in liquid investment vehicles in the US.”
Featuring unique long/short structures, AGFiQ US Market Neutral Anti-Beta CAD-Hedged ETF provides an effective hedge against US equity market volatility while the AGFiQ US Long/Short Dividend Income CAD-Hedged ETF and Fund are innovative income products for today’s challenging environment, offering income and growth potential with lower levels of interest rate and credit risk compared to a corporate bond fund.
“After a decade of strong equity market returns, investors are seeking tools for diversification and non-correlated returns to cushion against anticipated market volatility. However, in the current market environment, traditional diversifiers like fixed income are unlikely to provide the returns and yield investors need to achieve their goals,” says Bill DeRoche, Chief Investment Officer, AGF Investments LLC (AGF US) and Head of AGFiQ Alternative Strategies.
“Our new strategies are designed to address these investor needs,” DeRoche adds.
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