AEGON Fund Management Inc. has announced that Toronto-based Foyston, Gordon & Payne Inc. has been appointed portfolio sub-advisor of the imaxxTM U. S. Equity Value Fund.

FGP replaces Bear Stearns Asset Management of New York, effective Sept. 30. Unitholders have received notification of this change. There will be no changes to the investment objectives of the fund at this time. The investment strategy of the fund will be updated to reflect FGP’s approach to managing investments.

FGP is a value-oriented Canadian investment manager whose areas of expertise include Canadian, U.S. and international equities, and is a well-regarded value portfolio adviser with over 25 years of experience in managing the investments of pension funds, corporations and high net-worth individuals.

FGP has also served as portfolio subadvisor for the imaxxTM Canadian Equity Value Fund since 2002 and, since July 2004, for the imaxxTM Global Equity Value Fund.