AGF Reports June 2014 Assets Under Management

TORONTO, July 3, 2014 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $36.2 billion as at June 30, 2014. This represents a 0.8% increase from May 31, 2014.

AUM
($ billions)
June 30,
2014
May 31,
2014
% Change
Month-Over-
Month
June 30,
2013
% Change
Year-Over-
Year
Total Retail Fund
(including retail
pooled funds)
$19.8 $19.7 0.5% $18.7 5.9%
Institutional and
Sub-advisory  +
High-net-worth
$16.4 $16.2 1.2% $17.6 (6.8)%
Total AUM $36.2 $35.9 0.8% $36.3 (0.3)%
           
Average Daily
Retail Fund AUM
$19.9 $20.0 (0.5)% $18.9 5.3%

Retail Fund AUM by
Category (including
retail pooled funds)


($ billions)
June 30,
2014
May 31,
2014
% Change
Month-Over-
Month
June 30,
2013
% Change
Year- Over-
Year

Domestic Equity
Funds

$3.5 $3.4 2.9% $5.6 (37.5)%

U.S. and
International Equity
Funds

8.8 8.8 -

5.1

72.5%

Domestic Balanced
Funds

3.0 3.0 - 3.1 (3.2)%

U.S. and
International
Balanced Funds

0.5 0.5 - 0.6 (16.7)%

Domestic Fixed
Income Funds

2.4 2.4 - 2.8 (14.3)%

U.S. and
International Fixed
Income Funds

1.4 1.4 - 1.3 7.7%

Domestic Money
Market

0.2 0.2 - 0.2 -

Total Retail Fund
AUM

$19.8 $19.7 0.5% $18.7 5.9%

ABOUT AGF MANAGEMENT LIMITED

AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With approximately $36 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.

Caution Regarding Forward-Looking Statements

This release includes forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and similar expressions, or future or conditional verbs such as 'may,' 'will,' 'should,' 'would' and 'could.' Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, economic factors, business prospects, business performance and opportunities. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements due to, but not limited to, important risk factors such as level of assets under management, volume of sales and redemptions of investment products, performance of investment funds and of investment managers and advisors, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as interest and foreign-exchange rates, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, and the company's ability to complete strategic transactions and integrate acquisitions. The company cautions that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements are given only as at the date of this release and other than specifically required by applicable laws, the company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. Additional risks and uncertainties can be found in our MD&A for the fiscal year ended November 30, 2013 under the headings "Caution Regarding Forward-Looking Statements" and "Risk Factors and Management of Risk" and in our other filings with Canadian securities regulatory authorities.

SOURCE AGF

For further information:

AGF Management Limited shareholders and analysts, please contact:

Robert J. Bogart 
Executive Vice-President and Chief Financial Officer
416-865-4264, bob.bogart@agf.com

Adrian Basaraba 
Senior Vice-President, Finance
416-865-4203, adrian.basaraba@agf.com