Business
AGF Reports November 2009 Mutual Fund Sales
AGF Reports November 2009 Mutual Fund Sales
About this update from Harfang Exploration, Inc.
[{"type":"text","content":"\n\n\n\nDec. 2, 2009 (Canada NewsWire Group) -- TORONTO, Dec. 2 /CNW/ -- AGF Management Limited (AGF) reported total fee-earning assets under management (AUM) of $44.6 billion as at November 30, 2009, an increase of 25.5% from November 30, 2008. Net redemptions of long-term mutual funds were $82.4 million for the month ended November 30, 2009, compared with long-term mutual fund net redemptions of $114.0 million in November 2008.-------------------------------------------------------------------------($ millions) Assets at Gross Sales Redemptions Net Sales Net SalesNovember November November November November30/09 2009 2009 2009 2008-------------------------------------------------------------------------Long-termFunds $22,264 $221.5 $303.9 $(82.4) $(114.0)-------------------------------------------------------------------------Money Market 482 9.9 22.5 (12.6) (10.5)-------------------------------------------------------------------------Total MutualFunds $22,746 $231.4 $326.4 $(95.0) $(124.5)-------------------------------------------------------------------------InstitutionalandStrategicAccounts +High-net-worth 21,872----------------------Total Assets $44,618----------------------Average daily mutual fund AUM for November 2009 increased to $22.8 billion compared to $19.5 billion in November 2008 as a result of market appreciation. AGF institutional, strategic and high-net-worth AUM increased to $21.9 billion from $15.8 billion at November 2008 as a result of market appreciation and new mandates.About AGF Management LimitedAGF 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 $44.6 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.\n\n\n\n","length":2587,"tagName":"div"}]