AGF Investments Inc. to be appointed as additional manager for the
Primerica ConcertTM Allocation Series of Funds
MISSISSAUGA, Ontario--(BUSINESS WIRE)--
PFSL Fund Management Ltd. (“PFSL”), the investment fund manager and
trustee of the Primerica Concert™ Allocation Series of Funds (the
“Concert™ Funds”), announced today that it has appointed AGF Investments
Inc. as additional portfolio manager for the Concert™ Funds. The
appointment is effective on or about August 29, 2016, subject to the
receipt of any necessary regulatory approvals.
Morneau Shepell Asset & Risk Management Ltd., as a portfolio manager,
will continue to provide advice to PFSL in establishing fund specific
investment policies for and making recommendations on the specific
underlying funds to be invested by each Concert™ Fund.
AGF Investments Inc. (“AGF”), in its capacity as a portfolio manager to
Concert™ Funds, will advise on daily trades required to implement the
specific underlying fund recommendations of Morneau Shepell Asset & Risk
Management Ltd. in respect of each Concert™ Fund.
About PFSL Fund Management Ltd.
PFSL, manager of the Primerica Concert™ Allocation Series of Funds, is
an investment manager affiliate of Primerica Financial Services (Canada)
Ltd. The Primerica family of companies, including PFSL’s parent company,
PFSL Investments Canada Ltd., a mutual fund dealer and member of the
Mutual Fund Dealers Association of Canada, and Primerica Life Insurance
Company of Canada, has become an increasingly important participant in
the Canadian financial services sector.
About Primerica, Inc.
Primerica, Inc. is the parent company of PFSL Investments Canada Ltd.
Headquartered in Duluth, GA, Primerica is a leading distributor of
financial products to middle income households in North America.
Primerica representatives educate their Main Street clients about how to
better prepare for a more secure financial future by assessing their
needs and providing appropriate solutions through term life insurance,
which we underwrite, and mutual funds, annuities and other financial
products, which we distribute primarily on behalf of third parties. In
addition, Primerica provides an entrepreneurial full or part-time
business opportunity for individuals seeking to earn income by
distributing the company’s financial products. We insured more than 5
million lives and have over 2 million client investment accounts at
December 31, 2015. Primerica stock is included in the S&P MidCap 400 and
the Russell 2000 stock indices and is traded on The New York Stock
Exchange under the symbol “PRI”.
About AGF Investments Inc.
AGF is a leading independent global asset management firm with offices
in Toronto, Boston, Dublin, Beijing and Hong Kong. Founded in 1957, AGF
serves more than one million investors with offerings across the wealth
continuum. Four principles anchor the firm’s approach to investing:
shared intelligence, disciplined processes, innovative thinking and a
people-first culture.
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 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. With over $33 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.
This news release contains certain “forward-looking statements”. The
statements that are not historical facts contained in this press release
are forward-looking statements that involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160728006200/en/