Latest news with #AGFInvestments
Yahoo
3 days ago
- Business
- Yahoo
Stocks drop as Trump claims China has ‘violated' trade agreement
Stocks fell Friday after President Donald Trump said China has 'totally violated' its trade agreement with the United States, sending another jolt to markets after a whiplash week of tariff developments. The Dow was down 130 points, or 0.3%. The broader S&P 500 and the tech-heavy Nasdaq Composite both slid by 0.35%. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' the president posted on social media. 'So much for being Mr. NICE GUY!' Wall Street has been cautious about the next steps in Trump's trade war. Stocks had received a boost this week after the Court of International Trade late Wednesday blocked most of Trump's tariffs on legal grounds, but that rally lost steam as traders bet the White House would aggressively appeal and pursue another legal strategy. A federal appeals court on Thursday paused the CIT's ruling to block Trump's tariffs, leaving the president's massive tariff agenda in limbo as the courts deliberate its legality. 'The stunning, head-spinning, mind-boggling trade fiasco will not be resolved quickly,' said Greg Valiere, chief US policy strategist at AGF Investments, in a note. 'It probably will land in the Supreme Court — and even that may not settle the issue.' Investors on Friday also digested fresh data that showed the Federal Reserve's preferred inflation gauge cooled in April slightly more economists had expected, but also revealed a significant drop in consumer spending. Trump has reignited his trade war in the past week, which has stirred up uncertainty in markets after Wall Street had begun to turn the page on tariff concerns. The S&P 500 has been steadily climbing out of an early April slump instigated by the president's back-and-forth on his 'reciprocal' tariffs. Despite the recent fluctuations, investors who sold at the start of May missed out on a historically strong month for markets. The benchmark index is up more than 6% this month and is on track for its best month since 2023 and its best performance in May since 1990. 'Even though the stock market has staged a decisive rebound since the April lows, there is still plenty of uncertainty on tariffs, especially given the legal battle that is brewing over the 'Liberation Day' tariffs,' said Clark Bellin, president and chief investment officer at Bellwether Wealth. The dollar slightly gained on Friday. Yet the US dollar index, which measures the dollar's strength against six major foreign currencies, is on track to end the month in the red. It would be the dollar's fifth month of decline in a row. 'We expect bouts of market volatility ahead as investors continue to navigate a range of market, economic and geopolitical risks,' said Ulrike Hoffmann-Burchardi, CIO of global equities at UBS Global Wealth Management, in a Thursday note. The benchmark S&P 500 is up about 0.5% this year. This is a developing story and will be updated. Sign in to access your portfolio
CNN
3 days ago
- Business
- CNN
Stocks futures drop as Trump claims China has ‘violated' trade agreement
Stock futures fell Friday after President Donald Trump said China has 'totally violated' its trade agreement with the United States, sending another jolt to markets after a whiplash week of tariff developments. Dow futures were down 100 points, or 0.3%. S&P 500 futures and those tied to the Nasdaq 100 both slid 0.3%. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' the president posted on social media. 'So much for being Mr. NICE GUY!' Wall Street has been cautious about the next steps in Trump's trade war. Stocks had received a boost this week after the Court of International Trade late Wednesday blocked most of Trump's tariffs on legal grounds, but that rally lost steam as traders bet the White House would aggressively appeal and pursue another legal strategy. A federal appeals court on Thursday paused the CIT's ruling to block Trump's tariffs, leaving the president's massive tariff agenda in limbo as the courts deliberate its legality. 'The stunning, head-spinning, mind-boggling trade fiasco will not be resolved quickly,' said Greg Valiere, chief US policy strategist at AGF Investments, in a note. 'It probably will land in the Supreme Court — and even that may not settle the issue.' Investors on Friday also digested fresh data that showed the Federal Reserve's preferred inflation gauge cooled in April slightly more economists had expected, but also revealed a significant drop in consumer spending. Trump has reignited his trade war in the past week, which has stirred up uncertainty in markets after Wall Street had begun to turn the page on tariff concerns. The S&P 500 has been steadily climbing out of an early April slump instigated by the president's back-and-forth on his 'reciprocal' tariffs. Despite the recent fluctuations, investors who sold at the start of May missed out on a historically strong month for markets. The benchmark index is up more than 6% this month and is on track for its best month since 2023 and its best performance in May since 1990. 'Even though the stock market has staged a decisive rebound since the April lows, there is still plenty of uncertainty on tariffs, especially given the legal battle that is brewing over the 'Liberation Day' tariffs,' said Clark Bellin, president and chief investment officer at Bellwether Wealth. The dollar slightly gained on Friday. Yet the US dollar index, which measures the dollar's strength against six major foreign currencies, is on track to end the month in the red. It would be the dollar's fifth month of decline in a row. 'We expect bouts of market volatility ahead as investors continue to navigate a range of market, economic and geopolitical risks,' said Ulrike Hoffmann-Burchardi, CIO of global equities at UBS Global Wealth Management, in a Thursday note. The benchmark S&P 500 is up about 0.5% this year. This is a developing story and will be updated.
CNN
3 days ago
- Business
- CNN
Stocks futures drop as Trump claims China has ‘violated' trade agreement
Stock futures fell Friday after President Donald Trump said China has 'totally violated' its trade agreement with the United States, sending another jolt to markets after a whiplash week of tariff developments. Dow futures were down 100 points, or 0.3%. S&P 500 futures and those tied to the Nasdaq 100 both slid 0.3%. 'The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,' the president posted on social media. 'So much for being Mr. NICE GUY!' Wall Street has been cautious about the next steps in Trump's trade war. Stocks had received a boost this week after the Court of International Trade late Wednesday blocked most of Trump's tariffs on legal grounds, but that rally lost steam as traders bet the White House would aggressively appeal and pursue another legal strategy. A federal appeals court on Thursday paused the CIT's ruling to block Trump's tariffs, leaving the president's massive tariff agenda in limbo as the courts deliberate its legality. 'The stunning, head-spinning, mind-boggling trade fiasco will not be resolved quickly,' said Greg Valiere, chief US policy strategist at AGF Investments, in a note. 'It probably will land in the Supreme Court — and even that may not settle the issue.' Investors on Friday also digested fresh data that showed the Federal Reserve's preferred inflation gauge cooled in April slightly more economists had expected, but also revealed a significant drop in consumer spending. Trump has reignited his trade war in the past week, which has stirred up uncertainty in markets after Wall Street had begun to turn the page on tariff concerns. The S&P 500 has been steadily climbing out of an early April slump instigated by the president's back-and-forth on his 'reciprocal' tariffs. Despite the recent fluctuations, investors who sold at the start of May missed out on a historically strong month for markets. The benchmark index is up more than 6% this month and is on track for its best month since 2023 and its best performance in May since 1990. 'Even though the stock market has staged a decisive rebound since the April lows, there is still plenty of uncertainty on tariffs, especially given the legal battle that is brewing over the 'Liberation Day' tariffs,' said Clark Bellin, president and chief investment officer at Bellwether Wealth. The dollar slightly gained on Friday. Yet the US dollar index, which measures the dollar's strength against six major foreign currencies, is on track to end the month in the red. It would be the dollar's fifth month of decline in a row. 'We expect bouts of market volatility ahead as investors continue to navigate a range of market, economic and geopolitical risks,' said Ulrike Hoffmann-Burchardi, CIO of global equities at UBS Global Wealth Management, in a Thursday note. The benchmark S&P 500 is up about 0.5% this year. This is a developing story and will be updated.
Hamilton Spectator
23-05-2025
- Business
- Hamilton Spectator
AGF Investments Announces May 2025 Cash Distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global Infrastructure ETF
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the May 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions. Unitholders of record on May 30, 2025 will receive cash distributions payable on June 5, 2025. Details regarding the final 'per unit' distribution amounts are as follows: *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option. Further information about the AGF ETFs can be found at . This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers. About AGF Management Limited Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm's collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $51 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B. About AGF Investments AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services. AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada. Media Contact Amanda Marchment Director, Corporate Communications 416-865-4160
Globe and Mail
23-05-2025
- Business
- Globe and Mail
AGF Investments Announces May 2025 Cash Distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global Infrastructure ETF
TORONTO, May 23, 2025 (GLOBE NEWSWIRE) -- AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the May 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions. Unitholders of record on May 30, 2025 will receive cash distributions payable on June 5, 2025. Details regarding the final 'per unit' distribution amounts are as follows: ETF Ticker Exchange Cash Distribution Per Unit ($) AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $0.129939 AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $0.092000 AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $0.142740 *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option. Further information about the AGF ETFs can be found at This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. AGF ETFs are ETFs offered by AGF Investments Inc. ETFs are listed and traded on organized Canadian exchanges and may only be bought and sold through licensed dealers. About AGF Management Limited Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm's collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $51 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B. About AGF Investments AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services. AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada. Media Contact
