AGF REPORTS SEPTEMBER 2010 MUTUAL FUND SALES

TORONTO, Oct 4 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $44.3 billion as at September 30, 2010, an increase of 4.0% from August 31, 2010.

($ millions)	Assets at September 30/10	Gross Sales September 2010	Redemptions September 2010	Net Sales September 2010	Net Sales September 2009
Long-term Funds	$21,823	$178.8	$325.5	$ (146.7)	$ (80.1)
Money Market	406	6.2	21.2	(15.0)	(14.8)
Total Mutual Funds	$22,229	$185.0	$346.7	$ (161.7)	$ (94.9)
Institutional and Strategic Accounts + High-net-worth	22,093
Total Assets	$44,322

Net redemptions of long-term mutual funds for the month ended September 30, 2010 were $146.7 million compared with long-term mutual fund net redemptions of $80.1 million in September 2009.

Average daily mutual fund AUM for September 2010 was $21.9 billion compared to $22.6 billion in September 2009. AGF institutional, strategic and high-net-worth AUM increased to $22.1 billion from $21.3 billion at September 2009.

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 $44 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:

AGF Management Limited shareholders and analysts, please contact:

Robert J. Bogart, CPA
Senior Vice-President and Chief Financial Officer
416-865-4264, [email protected]

Deirdre Neary
Director, Investor Relations
416-815-6268, [email protected]

Media, please contact: 
Lucy Becker
Vice-President, Public Relations and Public Affairs
416-865-4284, [email protected]