Peter J. Frost Joins AGF as Portfolio Manager

New Manager's Approach to Value Investing Complements Team

TORONTO, Nov. 30 /CNW/ - AGF Investments Inc. today announced that Peter J. Frost has joined the firm as Vice-President and Portfolio Manager and will assume lead responsibility for AGF Canadian Balanced Value Fund, pending regulatory approval.

"We are pleased to welcome Peter to our award-winning and diverse investment management team," said Chief Investment Officer Martin Hubbes. "The addition of Peter to the Canadian equity team brings a complementary value style to the AGF Investments group and the domestic line-up of funds, strengthening our overall investment management capabilities."

"AGF Investments is committed to delivering investment management excellence across a wide spectrum of investment styles, asset classes and geographies," adds Hubbes. "Peter brings a strong professional pension-style approach to fund management that we believe will be well received by our clients."

Peter is a seasoned investment professional with 17 years of industry experience, including six years in pension consulting, two years at a large, bank-owned wealth management firm, and the past nine years as a Portfolio Manager at a leading Canadian money management firm. In his most recent position, he was the lead manager of a growing income pooled fund and was part of the team managing both a balanced and an equities fund.

He is an expert in the Canadian equities market with a strong understanding and appreciation of the different investment strategies and asset classes. In addition, his experience includes exposure to the U.S. and fixed income markets, resulting in a deep philosophical belief in traditional value-based investing. He earned his MBA from the University of Dallas and holds the Chartered Financial Analyst (CFA) designation.

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 $43.3 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.

SOURCE AGF

For further information: For further information: AGF Public Relations & Public Affairs: Karen Archer, Media Relations Manager, (416) 865-4295, Karen.Archer@agf.com; Susan Yellin, Director, (416) 815-6211, Susan.Yellin@agf.com

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