Investors Group Inc., Canada's largest fund company, today announced an agreement with
AGF Funds Inc., the 8
th largest, to develop a series of mutual funds for Investors Group. A company spokesperson told the MFWire.com that specifics of the funds would be announced in the next few months.
"The new AGF funds will complement Investors Group's product offering
and add diversity to our line-up of funds," said
Sandra Metraux, senior vice-president of marketing at Investors Group. "AGF's disciplined growth style of management has a well-earned reputation in the industry and brings a leading brand name to our clients."
AGF will serve as advisor on new equity funds, which will include North American and international investments. The new funds will be available to Investors Group's more than one million clients later this year, subject to regulatory approval.
Investors Group currently offers its 41 Investors Master Series funds, advised by its own asset management arm and 16 funds offered through partnerships with four other investment managers including
Merrill Lynch Asset Management.The company also recently announced product expansion plans that include new
Templeton,
MAXXUM and
Scudder mutual funds. 
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