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Press release from CNW Group

AGF Reports December 2011 Assets Under Management

Wednesday, January 04, 2012

AGF Reports December 2011 Assets Under Management14:47 EST Wednesday, January 04, 2012TORONTO, Jan. 4, 2012 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $45.1 billion as at December 31, 2011. This represents an increase of 2.3% from December 31, 2010.AUM($ billions)December 31, 2011(1)December 31, 2010% Change Year-Over-YearMutual Fund$21.5$22.8(5.7)%Retail Pooled Fund0.7-n/mTotal Retail Fund (including retail pooled funds)$22.2$22.8(2.6)%Institutional and Sub-advisory +High-net-worth22.921.37.5%Total AUM $45.1$44.12.3%    Average Daily Retail Fund AUM$22.3$22.7(1.8)%(1) Includes AUM results of Acuity, which was acquired on February 1, 2011Retail Fund AUM by Category (including retail pooled funds)($ billions)December 31, 2011December 31, 2010% Change Year-Over-YearDomestic Equity Funds$8.4$9.4(10.6)%U.S. and International Equity Funds5.87.0(17.1)%Domestic Balanced Funds3.12.055.0%U.S. and International Balanced Funds0.60.3100.0%Domestic Fixed Income Funds3.02.93.4%U.S. and International Fixed Income Funds0.90.812.5%Domestic Money Market0.40.4-Total Retail Fund AUM$22.2$22.8 About AGF Management LimitedAGF Management Limited is one of Canada's premier independent investment management 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 over $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: AGF Management Limited shareholders and analysts, please contact: Robert J. Bogart, CPA Executive Vice-President and Chief Financial Officer 416-865-4264, bob.bogart@agf.com Michael Clabby Vice-President, Investor Relations and Corporate Development 416-815-6275, michael.clabby@agf.com Media, please contact:  Odette Coleman Director, Public Relations and Public Affairs 416-865-4308, odette.coleman@agf.com