AGF REPORTS APRIL 2011 ASSETS UNDER MANAGEMENT

TORONTO, May 3 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $52.3 billion as at April 30, 2011. This represents an increase of 16.5% from April 30, 2010.

    <<
    -------------------------------------------------------------------------
                                                                    % Change
    AUM                                     April 30,   April 30,  Year-Over-
    ($ billions)                              2011(1)       2010        Year
    -------------------------------------------------------------------------
    Mutual Fund                                $25.7       $22.4        14.7%
    -------------------------------------------------------------------------
    Retail Pooled Fund                           0.9           -         n/m
    -------------------------------------------------------------------------
    Total Retail Fund
     (including retail pooled funds)           $26.6       $22.4        18.8%
    -------------------------------------------------------------------------
    Institutional and Sub-advisory +
     High-net-worth                             25.7        22.5        14.2%
    -------------------------------------------------------------------------
    Total AUM                                  $52.3       $44.9        16.5%
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Average Daily Retail Fund AUM              $26.6       $22.6        17.7%
    -------------------------------------------------------------------------
    (1) Includes AUM results of Acuity, which was acquired on February 1,
        2011
    >>
    <<
    -------------------------------------------------------------------------
    Retail Fund AUM by Category                                    % Change
     (including retail pooled funds)       April 30,   April 30,  Year-Over-
     ($ billions)                              2011        2010        Year
    -------------------------------------------------------------------------
    Domestic Equity Funds                      $9.4        $9.0         4.4%
    -------------------------------------------------------------------------
    U.S. and International Equity Funds         7.3         7.1         2.8%
    -------------------------------------------------------------------------
    Domestic Balanced Funds                     2.0         2.1        (4.8%)
    -------------------------------------------------------------------------
    U.S. and International Balanced Funds       0.3         0.3           -
    -------------------------------------------------------------------------
    Domestic Fixed Income Funds                 2.8         2.7         3.7%
    -------------------------------------------------------------------------
    U.S. and International Fixed Income Funds   0.8         0.8           -
    -------------------------------------------------------------------------
    Domestic Money Market                       0.3         0.4       (25.0%)
    -------------------------------------------------------------------------
    Acuity Retail Funds
     (including retail pooled funds)            3.7           -         n/m
    -------------------------------------------------------------------------
    Total Retail Fund AUM                     $26.6       $22.4
    ------------------------------------------------------------
    >>

About AGF Management Limited

AGF Management Limited is one of Canada's premier independent investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With over $52 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

SOURCE AGF

For further information: AGF Management Limited shareholders and analysts, please contact: Robert J. Bogart, CPA, Executive Vice-President and Chief Financial Officer, 416-865-4264, bob.bogart@agf.com; Michael Clabby, Vice-President, Investor Relations and Corporate Development, 416-815-6275, michael.clabby@agf.com; Media, please contact: Lucy Becker, Vice-President, Public Relations and Public Affairs, 416-865-4284, lucy.becker@agf.com


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.