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

Profil de l'entreprise

DundeeWealth Inc.

Renseignements sur cet organisme


Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .


Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.


Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.