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Press release from CNW Group

AGF Reports March 2012 Assets Under Management

Tuesday, April 03, 2012

AGF Reports March 2012 Assets Under Management17:00 EDT Tuesday, April 03, 2012TORONTO, April 3, 2012 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $47 billion as at March 31, 2012. This represents a month-over-month decrease of 1.7% and a 10% decrease versus March 2011.AUM($ billions)March 31,2012March 31,2011% ChangeYear-Over-YearMutual Fund$21.9$25.8(15.1)%Retail Pooled Fund0.60.9(33.3)%Total Retail Fund (including retail pooled funds)$22.5$26.7(15.7)%Institutional and Sub-advisory + High-net-worth24.525.5(3.9)%Total AUM $47.0$52.2(10.0)%    Average Daily Retail Fund AUM$22.7$26.5(14.3)%Retail Fund AUM by Category(including retail pooled funds) ($ billions)March 31,2012March 31,2011% ChangeYear-Over- YearDomestic Equity Funds$8.4$9.7(13.4)%U.S. and International Equity Funds6.27.2(13.9)%Domestic Balanced Funds3.02.050.0%U.S. and International Balanced Funds0.60.2200.0%Domestic Fixed Income Funds3.02.87.1%U.S. and International Fixed Income Funds1.00.825.0%Domestic Money Market0.30.3n/mAcuity Retail Funds (including retail pooled funds)1-3.7n/mTotal Retail Fund AUM$22.5$26.7 (1) Reporting for Acuity Retail Fund AUM was integrated in May 2011.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 approximately $47 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