DundeeWealth(R) Reports June 2010 Fee Earning Assets of $70.0 Billion and
$440 Million in Total Net Sales

TORONTO, July 5 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) reported total revenue earning fiduciary assets at June 30, 2010 of $70.0 billion. This includes $38.0 billion in assets under management ("AUM"), $7.2 billion in Bank Deposits from Dundee Bank of Canada and $24.8 billion in assets under administration ("AUA").

Change in AUM for the month includes total mutual fund net sales of $257 million, which is comprised of long-term mutual fund net sales of $270 million and short-term mutual fund net redemptions of $13 million.

    
    Fee Earning Assets
    As at June 30, 2010
    (in millions of $)
    -------------------------------------------------------------------------
    AUM                                                               38,049
    -------------------------------------------------------------------------
    AUA                                                               24,843
    -------------------------------------------------------------------------
    Bank Deposits, Dundee Bank of Canada                               7,150
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total revenue earning fiduciary assets                            70,042
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    AUM Activity:
    -------------
    AUM at beginning of period, excluding Dundee Securities
     managed accounts                                                 35,950
    -------------------------------------------------------------------------
    Gross additions                                                      874
    Gross redemptions                                                    434
    -------------------------------------------------------------------------
    Net additions                                                        440
    Change in market                                                    (534)
    -------------------------------------------------------------------------
                                                                      35,856
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    High net worth accounts - Dundee Securities managed accounts       2,193
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total AUM                                                         38,049
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    AUM Breakdown:
    --------------
    Mutual funds                                                      28,269
    Closed end funds                                                     211
    Structured investment solutions                                      236
    High net worth accounts - Goodman Private Wealth                   1,860
    High net worth assets in other categories                           (398)
    High net worth accounts - Dundee Securities managed accounts       2,193
    Third party institutional                                          5,678
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total AUM                                                         38,049
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

About DundeeWealth Inc.

DundeeWealth is a Canadian owned, independent wealth management company that currently oversees $70.0 billion in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds(R), managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW).

SOURCE DUNDEEWEALTH INC.

For further information: For further information: Investor/Analyst inquiries: John Pereira, Chief Financial Officer, DundeeWealth Inc., (416) 365-5180; Media inquiries: Myra Reisler, Manager, Public Affairs, DundeeWealth Inc., (416) 365-5370

Organization Profile

DUNDEEWEALTH INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890