AGF Management needs to generate a sustained period of outperformance to reverse years of outflows.
No-moat-rated AGF Management continued its forward trajectory in the fiscal fourth quarter. As was the case in the previous quarter, prospects for a return to positive organic flows in its retail business appear more likely. Year-over-year net sales, while still negative, improved from nearly negative CAD 1.2 billion at the end of fiscal 2016 to negative CAD 436 million at the end of fiscal 2017. The institutional side was even better, as AGF finished the fiscal year with positive organic growth...AGF Management is an integrated, global wealth management corporation whose principal subsidiaries provide investment management for mutual funds, institutions and corporations, as well as high-net-worth clients; and trust products and services (including real estate secured loans and investment loans and Guaranteed Investment Certificates). Co. conducts the management and distribution of mutual funds in Canada under the brand names AGF, Elements and Harmony (collectively, AGF Funds). Co. conducts its trust business under the name AGF Trust Company.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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