AGF A Big Winner At 2007 Canadian Lipper Fund Awards

    Wins Five Awards for 1, 5 and 10 year returns after announcing first
    quarter records

    TORONTO, March 30 /CNW/ - AGF Management Limited (AGF) continued its
winning ways this week picking up five big awards at the 2007 Lipper Fund
Awards in Canada.

    Lipper, a mutual fund-rating company, awarded the following AGF funds top
honours for delivering consistently strong risk-adjusted performance:

    -   AGF Canadian Balanced Fund: best 1-year returns in the Canadian
        Income Balanced category.
    -   AGF China Focus Class: best 5-year returns in the Asia ex-Japan
        Equity category.
    -   AGF Global Financial Services Class: best 5-year returns in the
        Financial Services category.
    -   AGF Precious Metals Fund: best 5-year returns in the Precious Metals
    -   AGF Canadian Resources Fund: best 10-year returns in the Natural
        Resources category.

    "We are delighted that Lipper chose to recognize AGF for our outstanding
fund performance and as such a strong leader in the investment industry," said
Blake Goldring, Chairman and Chief Executive Officer at AGF Management
Limited. "Winning these awards caps off a tremendous first quarter start in
which AGF set historical highs for sales of our mutual funds."
    Earlier this week, AGF reported $2.2 billion of gross sales and $1 billion
of net sales during the first quarter of fiscal 2007, making it the top
selling non-bank firm.
    "At AGF, we have always prided ourselves on offering superior investment
management expertise, having world class managers and delivering consistently
strong fund results," added Randy G. Ambrosie, President of AGF Funds Inc. 
"We attribute our continued growth and strength to a business strategy that
focuses on a strong and diversified product shelf, an exceptional client
engagement program and extremely well-managed funds."

    Late last year, AGF also won the Advisors' Choice Favourite Fund Company
of the Year at the Canadian Investment Awards and picked up awards for these
five funds:

    -   AGF International Stock Class
    -   AGF Global Financial Services Class
    -   AGF Emerging Markets Fund
    -   AGF Precious Metals Fund
    -   AGF European Equity Fund

    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 Private Investment
Management, Institutional Account Services and AGF Trust GICs, loans and
mortgages. With approximately $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".

For further information:

For further information: or to arrange an interview with a fund manager,
contact: AGF Communications, Lucy Becker, Vice-President, (416) 865-4284,; Karen Archer, Communications Co-ordinator, (416)
865-4295,; Analyst Contact: Adrian Basaraba,
Vice-President, Finance and Investor Relations, (416) 865-4203,

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