AGF Reports August 2011 Assets Under Management

TORONTO, Sept. 2, 2011 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $48.4 billion as at August 31, 2011. This represents an increase of 13.6% from August 31, 2010.

AUM
($ billions)
  August 31,
2011(1)
  August 31,
2010
% Change
  Year-Over-
Year
Mutual Fund $23.2 $21.4 8.4%
Retail Pooled Fund 0.8 - n/m
Total Retail Fund
(including retail
pooled funds)


$24.0

$21.4


12.1%
Institutional and Sub-  
advisory +
High-net-worth

24.4


21.2


15.1%
Total AUM $48.4 $42.6 13.6%
       
Average Daily
Retail Fund AUM

$24.1

$21.4

12.6%

(1) Includes AUM results of Acuity, which was acquired on February 1, 2011

Retail Fund AUM by
Category (including
retail pooled funds)


($ billions)
  August 31,
2011
  August 31,
2010
% Change
  Year-Over
Year

Domestic Equity Funds $9.2 $8.4 9.5%

U.S. and
International Equity
Funds
6.4

6.6 (3.0%)

Domestic Balanced
Funds
3.4 2.1 61.9%

U.S. and
International Balanced
Funds
0.7 0.3 133.3%

Domestic Fixed
Income Funds
3.1 2.8 10.7%

U.S. and International
Fixed Income Funds
0.8 0.8 -

Domestic Money
Market
0.4 0.4 -

Total Retail Fund
AUM
$24.0 $21.4  

About AGF Management Limited

AGF Management Limited is one of Canada's premier independent investment solutions 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. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With over $48 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.

 

 

 

 

 

SOURCE AGF

For further information:

AGF Management Limited shareholders and analysts, please contact:

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

Michael Clabby
Vice-President, Investor Relations and Corporate Development
416-815-6275, michael.clabby@agf.com

Media, please contact: 

Odette Coleman
Director, Public Relations and Public Affairs
416-865-4308, odette.coleman@agf.com

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