AGF Reports September 2007 Mutual Fund Sales



    Net sales continue to be positive

    TORONTO, Oct. 2 /CNW/ - AGF Management Limited (AGF) reported gross sales
of long-term funds of $373.4 million and net sales of long-term funds of $55.1
million for the month ended September 30, 2007. Total mutual fund assets under
management (AUM) were $30.4 billion as at September 30, 2007.
    "I am very pleased that our sales results continue to be strong," said
Blake C. Goldring, chairman and chief executive officer, AGF Management
Limited. "We remain focused on delivering long-term value to all of our
stakeholders."

    
    -------------------------------------------------------------------------
    ($ millions)                         Gross   Redemp-       Net       Net
                           Assets at     Sales     tions     Sales     Sales
                           September September September September September
                               30/07      2007      2007      2007      2006
    -------------------------------------------------------------------------
    Long-term funds           29,886     373.4     318.3      55.1      44.5
    -------------------------------------------------------------------------
    Money market                 509      17.8      20.1      (2.3)      2.3
    -------------------------------------------------------------------------
    Total mutual funds        30,395     391.2     338.4      52.8      46.8
    -------------------------------------------------------------------------
    Institutional + private
     client                   23,868
    -------------------------------------------------------------------------
    Total Assets              54,263
    ---------------------------------
    

    Average daily mutual fund AUM for September 2007 were $30.0 billion. AGF
institutional and private client AUM grew 63.7% to $23.9 billion up from
$14.6 billion one year ago. Institutional and private client assets are up due
to investment performance, new mandates and the acquisition of 80% of
Highstreet Partners Limited. Total fee-earning AUM, including mutual funds,
institutional and private client were $54.3 billion up 38.5% from
$39.2 billion at September 30, 2006.
    AGF continually builds on the rigour and discipline of its investment
management process. This has resulted in impressive investment performance. 
AGF had 89% of its assets above median over two years and 74% of its assets
above median for the ten year period ending August 31, 2007.

    About AGF Management Limited

    AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. 2007
marks AGF's 50th anniversary of providing Canadians with innovative investment
solutions across the wealth continuum. AGF's products and services include a
diversified family of more than 50 mutual funds, the evolutionary AGF Elements
portfolios, the Harmony asset management program, AGF Institutional Account
Services, private client products, and AGF Trust GICs, loans and mortgages.
With approximately $54 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".





For further information:

For further information: AGF Management Limited shareholders and
analysts, please contact: Greg Henderson, Senior Vice-President and Chief
Financial Officer, (416) 865-4156, greg.henderson@AGF.com; Media, please
contact: Lucy Becker, Vice President, Corporate Communications, (416)
865-4284, lucy.becker@AGF.com


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