AGF Reports October 2011 Assets Under Management

TORONTO, Nov. 2, 2011 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $46.6 billion as at October 31, 2011. This represents an increase of 5.7% from October 31, 2010.

AUM
($ billions)
October 31,
2011(1)
October 31,
2010
% Change
Year-Over-Year
Mutual Fund $22.4 $22.5 (0.4)%
Retail Pooled Fund 0.7 - n/m
Total Retail Fund (including retail pooled funds) $23.1 $22.5 2.7%
Institutional and Sub-advisory + High-net-worth 23.5 21.6 8.8%
Total AUM $46.6 $44.1 5.7%
       
Average Daily Retail Fund AUM $22.7 $22.5 0.9%

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

Retail Fund AUM by Category
(including retail pooled funds)
($ billions)
October 31,
2011
 
October 31,
2010
 
% Change
Year-Over-Year
 
Domestic Equity Funds $8.7 $8.9 (2.2)%
U.S. and International Equity Funds 6.2 7.1 (12.7)%
Domestic Balanced Funds 3.2 2.1 52.4%
U.S. and International Balanced Funds 0.7 0.3 133.3%
Domestic Fixed Income Funds 3.1 2.9 6.9%
U.S. and International Fixed Income Funds 0.8 0.8 -
Domestic Money Market 0.4 0.4 -
Total Retail Fund AUM $23.1 $22.5  

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 approximately $47 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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