DundeeWealth® Reports August 2011 Fee Earning Assets of $80.6 Billion

TORONTO, Sept. 6, 2011 /CNW/ - DundeeWealth Inc. ("DundeeWealth" or the "Company") reported total revenue earning fiduciary assets at August 31, 2011 of $80.6 billion. This includes $49.7 billion in assets under management ("AUM"), $6.8 billion in Bank Deposits from Dundee Bank of Canada and $24.1 billion in assets under administration ("AUA").

Dynamic Funds, the Company's principal mutual fund brand, generated net sales of $130 million, which is comprised of long-term mutual fund net sales of $90 million and short-term mutual fund net sales of $40 million. The Company had total net sales for the month of $58 million.

Fee Earning Assets
As at August 31, 2011  
(in millions of $)  
   
AUM 49,696
AUA 24,092
Bank Deposits, Dundee Bank of Canada 6,820
Total revenue earning fiduciary assets 80,608

Note: AUM figures exclude assets sub-advised for Scotia Asset Management L.P. ("SAM") by SAM portfolio managers recently reregistered under Goodman & Company, Investment Counsel Ltd.

About DundeeWealth Inc.
DundeeWealth is a wholly owned subsidiary of Scotiabank and part of the Bank's Global Wealth Management division, with $80.6 billion in fee earning assets (as at August 31, 2011). It provides diversified wealth and investment management solutions, which include alternative and tax-advantaged products and advisory services, to financial advisors, institutions, corporations and foundations. It supports innovative wealth management through a network of independent financial advisors who operate under the DundeeWealth brand across Canada. Its award winning family of mutual funds and hedge funds, Dynamic Funds®, managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States.

SOURCE DundeeWealth Inc.

For further information:

Myra Reisler
Director, Public Affairs
DundeeWealth & Dynamic Funds
416-365-5370

Profil de l'entreprise

DundeeWealth Inc.

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