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Press release from CNW Group

AGF Announces Enhancements to Harmony Program

Friday, October 28, 2011

AGF Announces Enhancements to Harmony Program09:00 EDT Friday, October 28, 2011TORONTO, Oct. 28, 2011 /CNW/ - AGF Investments Inc. (AGF) today announced enhancements to the Harmony program. It is AGF's expectation that these changes will help enable the Harmony program to provide better-than-benchmark returns with lower-than-benchmark volatility.Effective on or about December 5, 2011 the investment strategies of four of the existing Harmony Pools (Harmony Canadian Equity Pool, Harmony Canadian Fixed Income Pool, Harmony U.S. Equity Pool and Harmony Overseas Equity Pool) will be enhanced to feature a tactical overlay to take advantage of shorter-term market changes.As a portfolio manager in respect of these Pools, AGF believes that this tactical overlay will enable it to accomplish more frequent and opportunistic changes to asset class weightings. The strategic asset allocation of each of these Pools will continue to be reviewed each quarter and rebalanced if necessary. Exchange-traded funds (ETFs) in major asset classes will be used both for their cost efficiency and liquidity. This 'blending' of active and passive strategies is a technique used by institutional investors to express specific asset class preferences without cumbersome and potentially costly rebalancing. The investment objectives for these Pools remain the same.The name of Harmony Balanced and Income Portfolio has changed to Harmony Yield Portfolio to reflect the revised investment strategy that attempts to achieve a yield greater than the Government of Canada 10-year bond yield.  The distribution has been set at a rate determined by AGF, and will be reset annually based on prevailing yields of available asset classes. The investment objective for this Portfolio remains the same.These changes will be effective on or about Friday, October 28, 2011, pending regulatory approval of the amendments to the disclosure documentation.About the Harmony Program Harmony, one of the first managed asset programs in Canada, is a sophisticated and flexible program, providing intelligent investing to the most discerning of investors. Harmony provides several multi-manager pools of different asset classes that can be used to create risk-adjusted individualized portfolios based on an investor's personal investment objectives. Harmony's portfolio managers are comprised of industry-recognized leaders in pension and institutional money management as well as boutique asset class specialists from around the world.About AGF Management Limited AGF Management Limited is one of Canada's premier independent investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. 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. For further information: For media inquiries, contact AGF Public Relations & Public Affairs: Amanda Marchment 416-865-4160