AGF Launches AGF Dollar Cost Averaging Fund

    Offers a disciplined way to ease into the markets

    TORONTO, Jan. 12 /CNW/ - AGF Funds Inc. today announced the launch of its
new AGF Dollar Cost Averaging Fund, available for purchase on January 19,
    With the AGF Dollar Cost Averaging Fund, investors can make lump-sum
investments into the Fund and over a 12-month period that initial investment
is systematically transferred in increments into the designated AGF funds of
their choice. Investors may choose from over 50 AGF mutual funds across a
broad range of asset classes as their designated funds.
    "Many advisors have been telling us their clients are concerned about
making big lump-sum purchases right now due to market volatility," said AGF
Funds Inc. President Randy Ambrosie. "The AGF Dollar Cost Averaging Fund is an
ideal solution since it automatically divides an investment into smaller
regular purchases, which can help lower the impact of dramatic market swings."
    Dollar cost averaging is the discipline of investing a fixed amount at
regular intervals, averaging out the purchase price as the markets move up or
down. By investing systematically, the dollar cost averaging process may help
to reduce the risk associated with timing a single lump-sum investment.
    "The strategy of dollar cost averaging can help ease the concerns
investors may have about how and when to get into the market," said Ambrosie.
"Our new fund will make it even easier for advisors to implement this strategy
and gradually ease their clients into the market."

    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. 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 Asset Management Group services for institutional and
high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With
approximately $35.8 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 Corporate Communications, Lucy Becker,
Vice-President, (416) 865-4284,; Christine Ramsay,
Communications Manager, (416) 815-6321,

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