AGF Management Ltd Shs -B- Non-Voting

AGF.B: XTSE (CAN)
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AGF Management Earnings: Outflows Offset by Robust Market Gains and Acquired AUM in Fiscal 2024

There was little in no-moat AGF Management's fiscal fourth-quarter results that would alter our long-term view of the firm. We are leaving our CAD 11.50 fair value estimate in place. We view the shares as slightly undervalued.

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