AGFiQ Dynamic Hedged U.S. Equity ETF (USHG) is an exchange-traded fund that seeks long-term capital appreciation while maintaining lower volatility than the broader U.S. equity market through a dynamic hedging strategy combining long positions in U.S. equities with short equity hedges and fixed income components. Issued by AGF Investments Trust and managed by AGF Investments Inc., a subsidiary of AGF Management Limited, the ETF employs a multi-factor approach utilizing quantitative models to allocate across long/short single-factor ETFs, long-biased equity exposure targeting risk-managed S&P 500 total return, and fixed income for downside protection; it features a gross expense ratio aligned with AGF's alternative ETF suite focused on volatility management, drawdown mitigation, and left-tail risk control. Launched in 2019 and listed on NYSE Arca, USHG operates within the alternative investment segment targeting institutional and retail investors seeking equity-like returns with reduced market correlation and beta of approximately 0.66.
Headquartered in Toronto, Ontario, Canada, AGF Management Limited, the parent firm founded in 1957, oversees global operations including North America and Europe, serving over 815,000 investors through diverse products such as mutual funds, ETFs, private wealth solutions, and alternative strategies. USHG forms part of the AGFiQ brand's quantitative, factor-based ETF lineup, which includes market-neutral anti-beta funds, hedged dividend income strategies, global infrastructure exposure, and multi-asset income vehicles.
In recent developments, AGF Investments has undertaken portfolio rationalization, announcing the termination of several systematic ETFs including AGF Systematic US Equity ETF (QUS) effective April 29, 2025, alongside ad hoc distributions and management fee waivers to streamline its offerings amid market conditions. The firm continues to expand alternatives access, launching the AGF NHC Tactical Alpha Fund in January 2025 for Canadian investors and partnering with Archer to accelerate SMA model portfolio growth in September 2024. AGF also reported stable fiscal 2024 results in January 2025 and ongoing enhancements to ETF distributions and infrastructure strategies.