AGF Management Ltd. has announced several portfolio management and advisory changes, effective immediately.

The AGF World Equity Fund and AGF World Companies Fund will be managed by AGF Funds Inc.

AGF Global Equity Class’ portfolio manager remains AGF Funds, and the sole portfolio advisor will be AGF International Advisors Co. Ltd. Nomura Asset Management Co. Ltd., Nomura Asset Management U.S.A. Inc., Nomura Asset Management Hong Kong Ltd. and Salomon Smith Barney Inc. will no longer be portfolio advisors on the fund.

Salomon is also off the AGF RSP International Equity Allocation Fund.

AGF also announced that as of November 1, the management and advisory fee for AGF Canadian Total Return Bond Fund has been reduced from 1.75% to 1.50% for the Mutual Fund Series units, and from 1.25% to 1.00% for the Series F units.

In addition, AGF Canadian High Income Fund has been re-named AGF Canadian Conservative Income Fund to better reflect the investment objectives of the fund.

http://www.newswire.ca/releases/November2002/27/c6677.html