AGF Launches Three New Products

Strengthens choice of income products for every need

TORONTO, May 3 /CNW/ - AGF Investments Inc. (AGF) today announced three new funds and other enhancements designed to generate income, preserve capital and deliver sustainable long term returns as part of its strategy to offer investors products for every stage of their lives.

The launch of AGF Traditional Income Fund, AGF Global Aggregate Bond Fund and AGF Pure Canadian Balanced Fund complements the firm's existing suite of products for retail investors and institutional clients.

Combined with last month's strategy enhancement to AGF Monthly High Income Fund, the firm is now offering a wide spectrum of products across the income continuum. For example, investors will now be able to choose from a range of existing and new funds that focus on capital preservation with moderate cash flow to those with maximum cash flow, such as the AGF Monthly High Income Fund which strives to achieve a 7% annual distribution, paid monthly.

"At AGF, we are committed to having the right products that are right for the times," said AGF Management Limited Chairman and CEO Blake C. Goldring. "Whether you are a baby boomer nearing retirement or a young person starting out, these enhancements are part of our strategy to give you a choice of income products suited to your financial goals."

Executive Vice President and Chief Investment Officer Martin Hubbes added that "AGF offers a multi-style, multi-disciplined platform to ensure our product suite meets the needs of investors across the spectrum. These funds are being managed by seasoned industry veterans who can effectively balance both the need to generate income and protect capital."

    
    The new income products introduced today include:

    -  AGF Traditional Income Fund, available immediately, is managed by
       Peter Frost, together with Tristan Sones and Tom Nakamura of our Fixed
       Income Team, and offers investors a 5 % annual distribution, paid
       monthly. The investments focus on providing income with capital
       preservation.

    -  AGF Global Aggregate Bond Fund will be available to investors on or
       about July 15, 2010. The fund will invest primarily in investment
       grade debt securities of governments, corporations and other issuers
       around the world. This will enable managers Jean Charbonneau and Tom
       Nakamura to invest in the best opportunities for growth, interest and
       capital appreciation.

    In addition, changes to the balanced continuum announced today include:

    -  The launch of AGF Pure Canadian Balanced Fund, also available
       immediately, which offers a balanced fund with a home country bias.
       The Fund invests in Canadian bonds and stocks, almost exclusively, and
       is managed by industry veteran Martin Hubbes, together with Jean
       Charbonneau, Tristan Sones and Tom Nakamura, of our Fixed Income Team.

    -  Changing the name of AGF Canadian Balanced Fund to AGF Canadian Asset
       Allocation Fund to better describe the product.

    -  Changing the name of AGF Canadian Balanced Value Fund to AGF
       Traditional Balanced Fund to better describe the style of management.
    

About AGF Management Limited

AGF Management Limited is one of Canada's premier investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products and services include a diversified family of award-winning mutual funds, AGF Elements portfolios, the Harmony asset management program, services for institutional and private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $45 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.

To learn more about AGF products and the funds managed by the firm's award-winning team, visit www.agf.com.

For further information: For media inquiries, contact AGF Public Relations & Public Affairs: Amanda Marchment, [phone], Ext. 2140, [email protected]; Lucy Becker, [phone], [email protected]