AGF Management Limited (AGF) reported gross sales of long-term funds of $420.4 million and net sales of long-term funds of $31.4 million for the month ended February 29, 2008.  Total mutual fund assets under management (AUM) were $27.7 billion as at February 29, 2008.

“February sales of long-term funds, while positive, were slow compared to 2007 as investors remained cautious,” said Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management Limited.  “During these periods of market uncertainty, AGF is well-positioned for future success, remaining focused on our strong fundamentals and long-term objectives.”

Average daily mutual fund AUM for February 2008 was $27.6 billion. AGF institutional and high-net-worth AUM declined 5.7% to $21.6 billion, down from $22.9 billion one year ago, with approximately half of the decline due to market volatility and the remainder due to client rebalancing and redemptions, which were non-performance related.

About AGF Management Limited
AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world.  AGF’s products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Asset Management Group services for institutional and high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With over $49 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:
Greg Henderson, CA
Senior Vice-President and Chief Financial Officer
416-865-4156
greg.henderson@AGF.com

Media, please contact: 
Lucy Becker
Vice President, Corporate Communications
416-865-4284
lucy.becker@AGF.com