Eaton Vance Corp. has launched the Eaton Vance Global Natural Resources Fund, which is sub-advised by AGF Investments America Inc., a wholly owned subsidiary of AGF.
The fund is managed by Robert Lyon, senior vice president, and the AGF Global Resources team and bets on global equity and equity-related securities engaged in the development, production or distribution of natural resource-related products and services. It sports a net expense ratio of 140 basis points.
"We are pleased to introduce AGF's global natural resource management capabilities to the U.S. fund marketplace," stated Thomas E. Faust Jr., chief executive officer of Eaton Vance. "Canada is home to many of the world's leading resource companies, providing AGF with close access to the most current thinking and best opportunities in natural resource investing."
AGF Management Limited is based in Toronto, Canada and manages some $47 billion in total assets. Eaton Vance and its affiliates managed $197.2 billion in assets as of March 31.