In an effort to expand its presence in Japan, Toronto fund complex AGF Management Limited said today that it will acquire a minority stake in a Japanese brokerage firm called Maruhachi Securities.

The deal comes after AGF, which oversees more than $33 billion Canadian in assets, launched five offshore funds in June that were initially available only in Japan. Those products, known as the Goldring Group of Funds, are managed by AGF. Last year the firm became the first Canadian fund complex to open a branch office in Japan.

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