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Press release from CNW Group

AGF Announces Portfolio Manager Change

Tuesday, February 19, 2013

AGF Announces Portfolio Manager Change09:15 EST Tuesday, February 19, 2013TORONTO, Feb. 19, 2013 /CNW/ - AGF Investments Inc. (AGF) announced that effective today Tony Genua, Senior Vice-President and Portfolio Manager of AGF's flagship fund, AGF American Growth Class will be the lead portfolio manager of AGF Aggressive U.S. Growth Fund and AGF Aggressive Global Stock Fund.For these mandates Tony will use an investment strategy similar to AGF American Growth Class. His investment approach leads him to innovative higher-growth companies - regardless of where the company is domiciled or its market capitalization.He will be supported by the North American research team, a highly experienced group of specialists who cover all 10 global industry sectors. The team provides important research and analysis and recommends timely, actionable investment ideas."We are excited to utilize our internal capabilities for these mandates," said Martin Hubbes, Executive Vice-President and Chief Investment Officer of AGF Investments Inc. "With over 30 years of experience, a similar investment style and proven track record of performance, Tony will provide investors with the investment experience they seek."Also effective today, Cypress Capital Management Ltd., a subsidiary of AGF Investments Inc., who currently manages the AGF Tactical Income Fund, will take on the management of AGF Canadian Small Cap Fund."This change allows us to leverage Cypress' specialized expertise in Canadian small-cap funds, while Caterina Prato can focus her efforts on the large-cap strategies - like AGF Canada Class," added Hubbes.Based in Vancouver, B.C, Cypress is a boutique money manager made up of an eight-member team of investment professionals.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. With over $40 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.CAUTION REGARDING FORWARD-LOOKING STATEMENTSThis release includes forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and similar expressions, or future or conditional verbs such as 'may,' 'will,' 'should,' 'would' and 'could.' Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, economic factors, business prospects, business performance and opportunities. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.  Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements due to, but not limited to, important risk factors such as level of assets under management, volume of sales and redemptions of investment products, performance of investment funds and of investment managers and advisors, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as interest and foreign-exchange rates, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, and the company's ability to complete strategic transactions and integrate acquisitions. The company cautions that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements are given only as at the date of this release and other than specifically required by applicable laws, the company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.  Additional risks and uncertainties can be found in our MD&A for the fiscal year ended November 30, 2012 under the headings "Caution Regarding Forward-Looking Statements" and "Risk Factors and Management of Risk" and in our other filings with Canadian securities regulatory authorities.SOURCE: AGFFor further information: For media inquiries, contact AGF Corporate Communications:Liana Krmpotic  Assistant, Corporate Communications 416-865-4154, liana.krmpotic@agf.com Amanda Marchment  Manager, Corporate Communications 416-865-4160, amanda.marchment@agf.com