TORONTO - AGF Funds Inc. has completed its purchase of fellow Toronto company Global Strategy Holdings Inc. and merged the companies' fund units.

AGF is a mutual fund and wealth management company and Global Strategy Holdings is a mutual fund portfolio adviser.

The combined company will operate as AGF Funds and manages $34 billion of assets for 1.2 million investors in Canada.

The deal's closing was announced last Thursday. The price was not disclosed.

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