AGF Management Limited reported total fee-earning assets under management (AUM) of $42.6 billion as at August 31, 2010, an increase of 3.8% from August 31, 2009.

($ millions)	Assets at Aug 31/10	Gross Sales Aug 2010	Redemptions Aug 2010	Net Sales Aug 2010	Net Sales Aug 2009
Long-term Funds	$21,025	$199.7	$275.7	$(76.0)	$(32.9)
Money Market	418	5.7	17.4	(11.7)	(11.9)
Total Mutual Funds	$21,443	$205.4	$293.1	$(87.7)	$(44.8)
Institutional and Strategic Accounts + High-net-worth	21,163
Total Assets	$42,606

Net redemptions of long-term mutual funds for the month ended August 31, 2010 were $76.0 million compared with long-term mutual fund net redemptions of $32.9 million in August 2009. Sales of long-term mutual funds in August 2010 included $64.7 million of sales related to a rebalance transaction by an institutional investor.

Average daily mutual fund AUM for August 2010 was $21.4 billion compared to $22.0 billion in August 2009. AGF institutional, strategic and high-net-worth AUM increased to $21.2 billion from $18.9 billion at August 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 $43 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.

AGF Management Limited shareholders and analysts, please contact:

Robert J. Bogart, CPA
Senior Vice-President and Chief Financial Officer
416-865-4264, bob.bogart@AGF.com

Deirdre Neary
Director, Investor Relations
416-815-6268, deirdre.neary@AGF.com

Media, please contact:

Lucy Becker
Vice-President, Public Relations and Public Affairs
416-865-4284, lucy.becker@AGF.com