AGF Funds Inc. today announced that Marc-André Robitaille, President of Robitaille Asset Management Inc. (RAM) is assuming the role of portfolio manager for the AGF Dividend Income Fund.

Robitaille resumes management of this well-established fund as an external manager, effective immediately. The fund was previously managed by AGF executive vp and chief investment officer Martin Hubbes since January 2007.

“AGF is pleased to have someone of Marc-André’s calibre and skills join us in a long-term exclusive arrangement. Marc-André has a successful and proven history of working well with AGF and for delivering impressive results that benefit unitholders,” said AGF Funds Inc. President Randy Ambrosie. “His return to managing the fund also provides continuity which is important to our investment management process.”

“At AGF we have achieved a good balance in building internal investment capacity while using external firms where it makes prudent business sense,” added Ambrosie. “The addition of RAM to our line-up of fund managers complements our in house investment management talent.”

As a result, AGF has established a “unique mix of internal and external fund managers with diversified styles and strategies that appeal to a wide range of clients,” explained Hubbes. “In constructing a portfolio, RAM uses a disciplined approach to security selection to maximize the yield to unitholders.”

At the end of May 2007 the fund, originally established in April 2003, had almost $880 million in total net assets. Since inception, the fund has been a top performer with double digit annual average compound returns.