TORONTO, July 5 /CNW/ - AGF Management Limited (AGF) reported total fee-earning assets under management (AUM) of $41.9 billion as at June 30, 2010, an increase of 8.9% from June 30, 2009.
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Gross Redemp- Net Net
Assets Sales tions Sales Sales
at June June June June June
($ millions) 30/10 2010 2010 2010 2009
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Long-term Funds $20,500 $ 160.1 $ 320.4 $(160.3) $ (44.1)
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Money Market 423 5.8 21.9 (16.1) (17.5)
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Total Mutual Funds $20,923 $ 165.9 $ 342.3 $(176.4) $ (61.6)
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Institutional and
Strategic Accounts +
High-net-worth 21,018
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Total Assets $41,941
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Net redemptions of long-term mutual funds were $160.3 million for the month ended June 30, 2010 compared with long-term mutual fund net redemptions of $44.1 million in June 2009.
Average daily mutual fund AUM for June 2010 was $21.3 billion compared to $21.2 billion in June 2009. AGF institutional, strategic and high-net-worth AUM increased to $21.0 billion from $17.3 billion at June 2009 as a result of market appreciation and new mandates.
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products and services include a diversified family of award-winning mutual funds, AGF Elements portfolios, the Harmony asset management program, services for institutional and private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $42 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.
For further information: AGF Management Limited shareholders and analysts, please contact: Robert J. Bogart, CPA Senior Vice-President and Chief Financial Officer, 416-865-4264, [email protected]; Deirdre Neary, Director, Investor Relations, 416-815-6268, [email protected]; Media, please contact: Lucy Becker, Vice-President, Public Relations and Public Affairs, 416-865-4284, [email protected]
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