AGF Funds Inc. announced Monday that it has completed five fund mergers.

Following regulator and unitholder approval, the mergers were finalized on June 14, 2003.

AGF World Equity Fund merged into AGF World Companies Fund. AGF RSP International Equity Allocation Fund and AGF RSP World Equity Fund merged into AGF RSP World Companies Fund

AGF India Fund and AGF Latin America Fund merged into AGF Emerging Markets Value Fund.

AGF Canadian Small Cap Fund merged into AGF Canadian Aggressive All-Cap Fund.

AGF also announced two investment advisory changes effective immediately. AGF International Advisors Company Ltdd. will no longer act as one of the portfolio advisors to the AGF Asian Growth Class and AGF Asset Management Asia Ltd. will no longer act as one of the portfolio advisors to the AGF Canadian Large Cap Dividend Fund. There are no changes to the portfolio managers on these funds.