AGF Management Ltd. Advances Investor Confidence with Strong Performance Metrics and Strategic Share‑Buyback
AGF Management Ltd. (TSX: AGF) announced a series of developments that reinforce its standing as a leading asset‑management holding company. The company’s latest disclosures cover a renewed normal‑course issuer bid for its Class B non‑voting shares, recognition of seven funds with 2025 Fundata FundGrade A+® awards, and updated assets‑under‑management (AUM) figures.
Normal‑Course Issuer Bid for Class B Shares
On 6 February 2026, AGF disclosed that the Toronto Stock Exchange has approved its notice of intention to renew a normal‑course issuer bid for Class B non‑voting shares (AGF.B). As of 26 January 2026, the company had issued 64,472,533 shares, of which 46,938,306 were publicly floated. Under the bid, AGF may purchase up to 4,693,830 shares—roughly 10 % of the public float—beginning 10 February 2026 and continuing until 9 February 2027. The move signals AGF’s confidence in its own equity value and offers shareholders a potential upside through share repurchase, while simultaneously reducing the share base and potentially boosting earnings per share.
FundGrade A+® Awards Highlight Strong Fund Performance
AGF Investments Inc., a subsidiary of AGF Management, earned seven Fundata FundGrade A+® awards for 2025 performance. The FundGrade system evaluates funds on risk‑adjusted returns over a multi‑year period; an A+® rating indicates consistent, out‑performance relative to peers. The recognition covers a diverse set of product lines, reinforcing AGF’s reputation for disciplined, sustainable investing across public and private markets.
Judy Goldring, Chief Executive Officer of AGF Management, underscored the significance of the awards: “We are honoured that multiple AGF Investments funds have earned FundGrade A+® recognition for 2025. This distinction demonstrates our commitment to delivering superior risk‑adjusted performance for our clients.” The awards are likely to attract new capital inflows, especially from institutional investors who rely on third‑party performance benchmarks.
Robust Assets‑Under‑Management and Fee‑Earning Base
AGF’s latest financial release, issued on 4 February 2026, reported total AUM and fee‑earning assets of $59.2 billion as of 31 January 2026. These figures encompass three core business lines:
| Business Line | AUM (B$) | Fee‑Earning Assets (B$) |
|---|---|---|
| AGF Investments | 35.2 | 5.9 |
| AGF Capital Partners | 54.7 | 5.9 |
| AGF Private Wealth | 9.5 | 1.8 |
The overall AUM reflects a +4.4 % month‑on‑month increase and a +6.8 % year‑on‑year rise from 31 January 2025, underscoring the firm’s growth trajectory. Fee‑earning assets, which represent recurring revenue streams from managed funds and other vehicles, are particularly noteworthy: they grew to $11.6 billion, a testament to AGF’s expanding client base and its ability to retain high‑quality investment managers.
Market Position and Financial Metrics
With a market capitalization of $1.22 billion CAD and a price‑to‑earnings ratio of 9.84, AGF trades at a modest valuation relative to its peers in the capital markets sector. The share price, standing at $18.25 CAD on 4 February 2026, sits slightly below the 52‑week high of $18.88 CAD, suggesting a potential buying window for long‑term investors.
AGF’s dual focus on public and corporate defined‑benefit plans, sovereign wealth funds, insurance companies, and sub‑advised mandates positions it as a diversified player in an industry increasingly driven by ESG considerations and long‑term capital needs. The firm’s disciplined approach to responsible investing and its global reach enhance its competitive edge, especially amid growing demand for sustainable asset‑management solutions.
Outlook
The combination of a strategic share‑buyback program, recognition of fund performance excellence, and strong AUM growth positions AGF Management Ltd. for continued resilience in a volatile market environment. Investors who value a well‑managed, diversified asset‑management group with a track record of delivering risk‑adjusted returns may find AGF’s recent developments particularly compelling.
