Google Übersetzer
TORONTO, Oct. 2 /CNW/ -- AGF Management Limited (AGF) reported total fee-earning assets under management (AUM) of $44.1 billion as at September 30, 2009, an increase of 7.5% from August 31, 2009, marking the seventh consecutive month of increasing AUM. The month-over-month increase in total AUM was partly attributable to approximately $1.8 billion in new institutional mandates.
On a year-over-year basis, overall AUM increased 2.0% from $43.2 billion. Net redemptions of long-term mutual funds were $80.1 million for the month ended September 30, 2009, compared with long-term mutual fund net redemptions of $158.0 million in September 2008.
-------------------------------------------------------------------------
($ millions) Gross
Assets at Sales Redemptions Net Sales Net Sales
September September September September September
30/09 2009 2009 2009 2008
-------------------------------------------------------------------------
Long-term Funds $22,247 $196.1 $276.2 $(80.1) $(158.0)
-------------------------------------------------------------------------
Money Market 537 7.7 22.5 (14.8) (9.3)
-------------------------------------------------------------------------
Total Mutual Funds $22,784 $203.8 $298.7 $(94.9) $(167.3)
-------------------------------------------------------------------------
Institutional and
Strategic Accounts
+ High-net-worth 21,310
-----------------------------
Total Assets $44,094
-----------------------------
Average daily mutual fund AUM for September 2009 was $22.6 billion. AGF institutional, strategic and high-net-worth AUM increased to $21.3 billion from $19.9 billion at September 2008.
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management companies 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 high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With approximately $44.1 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.