NexGen Financial Limited Partnership Announces December Sales and Assets
Under Management.
"We have demonstrated that our Tax Managed Funds are adding value to Canadian portfolios," said
------------------------------------------------------------------------- December 31, December 31, ASSET BREAKDOWN 2009 % 2008 % ------------------------------------------------------------------------- FUNDS MUTUAL FUNDS $475,461,393 93.9% $244,103,282 85.4% CLOSED END FUNDS 30,737,766 6.1% 41,627,060 14.6% ---------------------------- AUM $506,199,159 100.0% $285,730,342 100.0% ------------------------------------------------------------------------- ------------------------------------------------------------------------- ASSET CATEGORY MONEY MARKET $45,393,613 9.0% $87,028,845 30.5% FIXED INCOME 266,089,734 52.6% 50,653,792 17.7% EQUITY 158,700,680 31.3% 102,726,282 35.9% GLOBAL 36,015,132 7.1% 45,321,423 15.9% ---------------------------------------- AUM $506,199,159 100.0% $285,730,342 100.0% -------------------------------------------------------------------------
"Management, our Board and supporting financial advisors have done much of the heavy lifting required to position NexGen as an emerging main stream fund company", said
NexGen Financial Limited Partnership is one of Canada's fastest growing independent financial services firms and was founded to develop value added investment solutions for financial advisors and their clients. The firm is focused on the creation of innovative investment products and services that meet the needs of Canadians seeking more tax efficient investment opportunities and greater control over the tax treatment of their investments. Managed by strong investment professionals, NexGen's unique Registered and Tax-Managed Fund offerings are well positioned as attractive investment opportunities for Canadians looking to alleviate the tax costs associated with traditional investment solutions.
Cautionary Statement on Forward Looking Information
This press release may include forward looking statements within the meaning of securities laws. Forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from what is currently expected. Accordingly, readers should not place undue reliance on forward looking statements.
For further information: James L Hunter, CEO, (416) 775-3701, [email protected]; Laurie Munro, President, (416) 775-3705, [email protected]
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