AGF Dividend Income Fund Changes Portfolio Manager

    TORONTO, June 25 /CNW/ - AGF Funds Inc. today announced that Marc-André
Robitaille, President of Robitaille Asset Management Inc. (RAM) is assuming
the role of Portfolio Manager for the AGF Dividend Income Fund.
    Mr. Robitaille resumes management of this well-established fund as an
external manager, effective immediately. The Fund was previously managed by
AGF Executive Vice-President and Chief Investment Officer Martin Hubbes since
January 2007.
    "AGF is pleased to have someone of Marc-André's calibre and skills join
us in a long-term exclusive arrangement. Marc-André has a successful and
proven history of working well with AGF and for delivering impressive results
that benefit unitholders," said AGF Funds Inc. President Randy G. Ambrosie.
"His return to managing the Fund also provides continuity which is important
to our investment management process."
    "At AGF we have achieved a good balance in building internal investment
capacity while using external firms where it makes prudent business sense,"
added Mr. Ambrosie. "The addition of RAM to our line-up of fund managers
complements our in house investment management talent."
    As a result, AGF has established a "unique mix of internal and external
fund managers with diversified styles and strategies that appeal to a wide
range of clients," explained Mr. Hubbes. "In constructing a portfolio, RAM
uses a disciplined approach to security selection to maximize the yield to
    At the end of May 2007 the Fund, originally established in April 2003,
had almost $880 million in total net assets. Since inception, the Fund has
been a top performer with double digit annual average compound returns.

    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 $56 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".

    More information about AGF Funds Inc. funds and portfolio managers is
available on line at

For further information:

For further information: AGF Corporate Communications, Lucy Becker,
Vice-President, (416) 865-4284,; Karen Archer, Media
Relations Specialist, (416) 865-4295,; AGF Management
Limited, Adrian Basaraba, Vice-President, Finance and Investor Relations,
(416) 865-4203,

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