AGF acquires majority stake in ETF strategist FFCM

December 18, 2015

On November 17, 2015, AGF Management Limited announced that it acquired a majority of the equity of FFCM LLC, a Boston-based ETF advisor and asset management firm.

FFCM LLC (“FFCM”) creates, structures, and manages ETFs and is currently co-portfolio advisor of AGF U.S. Sector Class. FFCM is an investor advisory firm, which was founded in 2009, that currently advises approximately C$1.3 billion in total assets under management.

AGF Limited is an independent investment management firm with over one million investors and approximately $33 billion in total assets under management. Its products currently include mutual funds, mutual fund wrap programs and pooled funds. AGF Limited trades on the Toronto Stock Exchange under the symbol AGF. B.

To read the full press release: please click here.


Categories

Investment Manager M&A, Mutual Fund M&A, Transactions