TORONTO, March 2, 2012 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $47.8 billion as at February 29, 2012. This represents a month-over-month increase of 1.5% and a 3.9% increase versus the fourth quarter of 2011.
During the month of February, AGF Emerging Markets Fund extended its award-winning streak at the 2012 Canadian Lipper Awards, winning for best 3-year and 5-year returns in the Emerging Markets Equity Category. AGF Global Resources Class also won a Lipper Award for the best 5-year returns in the Natural Resources category.
"We are very pleased with the excellent track record of these funds, which represent another best-in-class investment opportunity for investors," said Gordon Forrester, Executive Vice-President, Product and Marketing and Head of Retail. "AGF is also pleased to launch Retire SmartTM, a unique program designed to provide advisors with tools to help their clients plan for retirement, income, tax and estate planning."
AGF's institutional operations also achieved a significant milestone, as AGF Investments Inc. became GIPs compliant, an accreditation which allows access to a broader range of global institutional clients.
"We have momentum in 2012 and look forward to keeping stride for the rest of the year and building out each of our core investment management businesses," said Chairman and CEO Blake C. Goldring.
| AUM ($ billions) |
February 29, 2012 |
February 28, 2011 |
% Change Year-Over- Year |
| Mutual Fund | $22.3 | $26.0 | (14.2)% |
| Retail Pooled Fund | 0.7 | 0.9 | (22.0)% |
| Total Retail Fund (including retail pooled funds) |
$23.0 | $26.9 | (14.5)% |
| Institutional and Sub-advisory + High-net-worth |
24.8 | 25.6 | (3.1)% |
| Total AUM | $47.8 | $52.5 | (9.0)% |
| Average Daily Retail Fund AUM | $23.1 | $26.9 | (14.1)% |
| Retail Fund AUM by Category (including retail pooled funds) ($ billions) |
February 29, 2012 |
February 28, 2011 |
% Change Year-Over- Year |
| Domestic Equity Funds | $8.7 | $9.6 | (9.4)% |
| U.S. and International Equity Funds | 6.2 | 7.2 | (13.9)% |
| Domestic Balanced Funds | 3.1 | 2.1 | 47.6% |
| U.S. and International Balanced Funds | 0.6 | 0.3 | 100.0% |
| Domestic Fixed Income Funds | 3.0 | 2.8 | 7.1% |
| U.S. and International Fixed Income Funds |
1.0 | 0.8 | 25.0% |
| Domestic Money Market | 0.4 | 0.3 | 33.3% |
| Acuity Retail Funds (including retail pooled funds)1 |
- | 3.8 | n/m |
| Total Retail Fund AUM | $23.0 | $26.9 |
(1) Reporting for Acuity Retail Fund AUM was integrated in May 2011.
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With approximately $48 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:
Robert J. Bogart, CPA
Executive Vice-President and Chief Financial Officer
416-865-4264, [email protected]
Michael Clabby
Vice-President, Investor Relations and Corporate Development
416-815-6275, [email protected]
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