Business
/C O R R E C T I O N from CNW -- AGF Funds Inc./
/C O R R E C T I O N from CNW -- AGF Funds Inc./
About this update from Harfang Exploration, Inc.
[{"type":"text","content":"\n\n\n\nNov. 3, 2009 (Canada NewsWire Group) -- TORONTO, Nov. 3 /CNW/ -- AGF Management Limited (AGF) reported total fee-earning assets under management (AUM) of $43.3 billion as at October 31, 2009, an increase of 14.8% from October 31, 2008. Net redemptions of long-term mutual funds were $65.2 million for the month ended October 31, 2009, compared with long-term mutual fund net redemptions of $214.2 million in October 2008.-------------------------------------------------------------------------($ millions) GrossAssets at Sales Redemptions Net Sales Net SalesOctober October October October October30/09 2009 2009 2009 2008-------------------------------------------------------------------------Long-term Funds $21,705 $229.2 $294.4 $(65.2) $(214.2)-------------------------------------------------------------------------Money Market 519 12.1 25.2 (13.1) (18.2)-------------------------------------------------------------------------Total Mutual Funds $22,224 $241.3 $319.6 $(78.3) $(232.4)-------------------------------------------------------------------------Institutional andStrategic Accounts+ High-net-worth 21,119-----------------------------Total Assets $43,343-----------------------------Average daily mutual fund AUM for October 2009 increased to $22.7 billion compared to $20.9 billion in October 2008 as a result of market appreciation. AGF institutional, strategic and high-net-worth AUM increased to $21.1 billion from $17.3 billion at October 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 $43.3 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":2574,"tagName":"div"}]