AGF Investments is taking on the natural resources investment portfolio for China’s social security fund.

The Toronto-based investment firm has been awarded a natural resources mandate by China’s National Council for Social Security Fund (NCSSF).

The NCSSF manages the country’s national pension fund and has assets worth over 868.82 billion yuan (approximately C$138 billion) as of the end of 2011.

The NCSSF also signed investment agreements with 11 other global investment managers: JP Morgan, Lombard Odier, Nueberger Berman, Schroders, Standish, Stone Harbor Investment Partners, Investec, RBC Global Asset Management, AEW Capital Management, AMP Capital and European Investors.

“This is a landmark win for AGF and for our expansive global institutional business,” said Blake C. Goldring, chairman and CEO of AGF Management Limited. “With our history of over five decades of investment management experience, pension funds and institutional investors continue to show confidence in our disciplined investment philosophies and processes.”

AGF oversees more than $1.3 billion in total global resources equity strategy assets as of June 30, 2012.

“We are honoured to have been awarded this significant mandate, which recognizes AGF’s proven track record in managing resources portfolios,” said Chris Boyle, senior vice-president of institutional for AGF Investments Inc. “Our award-winning global resources team is well known for generating consistent results and will use its disciplined investment process to build retirement savings for Chinese investors.”

Copyright © 2019 Transcontinental Media G.P. Originally published on

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