NexGen Financial Limited Partnership Announces January Sales and Assets Under
Management
"While we have a Fund line up that is very innovative, our sales and marketing approach is very traditional," said
------------------------------------------------------------------------- January 31, January 31, ASSET BREAKDOWN 2010 % 2009 % ------------------------------------------------------------------------- FUNDS MUTUAL FUNDS $490,575,178 94.2% $248,372,656 86.7% CLOSED END FUNDS 29,826,817 5.8% 38,139,845 13.3% ------------------------------------------- AUM $520,401,995 100.0% $286,512,501 100.0% ------------------------------------------------------------------------- ------------------------------------------------------------------------- ASSET CATEGORY MONEY MARKET $45,876,401 8.8% $82,866,996 28.9% FIXED INCOME 278,420,254 53.5% 59,132,206 20.6% EQUITY 196,105,340 37.7% 144,513,299 50.5% ------------------------------------------- AUM $520,401,995 100.0% $286,512,501 100.0% -------------------------------------------------------------------------
"Over the next two or three quarters we will also be focused on the ongoing strengthening of our Fund and investment management line up, the introduction of a low load sales option and lastly, we will continue to broaden awareness in the accounting professional channel of NexGen's patent-pending structure," said
NexGen Financial Limited Partnership is one of Canada's fastest growing independent financial services firms and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.
Cautionary Statement on Forward Looking Information
This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.
For further information: James L Hunter, CEO, (416) 775-3701, [email protected]; Laurie Munro, President, (416) 775-3705, [email protected]
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