AGF Announces Portfolio Manager Change for Harmony Overseas Equity Pool

TORONTO , Nov. 16 /CNW/ - AGF Investments Inc. announced today that Hexavest Inc. has been added as a portfolio manager of the Harmony Overseas Equity Pool, an investment pool within AGF's Harmony managed asset program.

Founded in 2004, Hexavest is an independent investment management firm located in Montreal . It provides discretionary investment management of international ( Europe and Asia), U.S. and Canadian equities and Tactical Asset Allocation for institutional clients.

After a rigorous search, Hexavest was chosen for its disciplined investment process and distinctive investment style. "Hexavest employs a top-down macroeconomic approach that exhibits unique characteristics and low correlations to the existing managers in the Pool, which further enhances portfolio diversification and return potential for investors," said Rob Badun, Executive Vice-President of AGF Investments Inc.

Hexavest replaces Tradewinds Global Investors LLC on the Pool. Martin Currie Inc., AllianceBernstein Canada Inc., McKinley Capital Management LLC and Principal Global Investors LLC remain as portfolio managers on the Pool.

Harmony is a managed assets program offering investors the choice of seven distinct portfolios or the option to create personalized portfolios from investment pools managed by AGF Investments Inc. and a complementary blend of unique boutique specialists and some of the largest and well-known institutional asset managers from around the world.

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.

For further information: Media: Christine Ramsay, Manager, Communications, [phone], [email protected]; Lucy Becker, Vice-President, Public Relations & Public Affairs, [phone], [email protected]