AGF to spike futures fund

Date: Tuesday, August 28, 2007
Author: Rob Carrick, Globe & Mail

AGF Management Ltd. is killing off what is one of the worst-performing active mutual funds in the country. AGF Managed Futures, with assets of just under $10-million, is no longer available for purchase and will be terminated on Nov. 9. AGF Managed Futures is coming off a particularly brutal 12-month period in which it lost a bit over half its value. Globefund.com lists AGF Managed Futures as the worst-performing mutual fund over the 10 years to July 31, with a compound average annual loss of 21.6 per cent.