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Attention Business Editors
AGF Reports June 2009 Mutual Fund Sales
TORONTO, July 3 /CNW/ - AGF Management Limited (AGF) reported total
fee-earning assets under management (AUM) of $38.5 billion as at June 30,
2009, an increase of 2.9% from May 31, 2009. Mutual fund assets of $21.2
billion increased 1.5% during the month of June, marking the fourth straight
month of rising AUM. Net redemptions of long-term mutual funds were $44.1
million for the month ended June 30, 2009, compared with long-term fund net
redemptions of $327.5 million in June 2008.
<<
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($ millions) Assets at Gross Sales Redemptions Net Sales Net Sales
June 30/09 June 2009 June 2009 June 2009 June 2008
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Long-term Funds $20,668 $214.5 $258.6 $(44.1) $(327.5)
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Money Market 577 9.0 26.5 (17.5) (9.2)
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Total Mutual
Funds $21,245 $223.5 $285.1 $(61.6) $(336.7)
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Institutional
and Strategic
Accounts +
High-net-worth 17,265
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Total Assets $38,510
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>>
Average daily mutual fund AUM for June 2009 was $21.2 billion. AGF
institutional, strategic and high-net-worth AUM declined to $17.3 billion from
$22.5 billion at June 2008, primarily as a result of market volatility.
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. AGF's
products and services include a diversified family of award-winning mutual
funds, AGF Elements portfolios, the Harmony asset management program, services
for institutional and high-net-worth clients, as well as AGF Trust GICs, loans
and mortgages. With approximately $38.5 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.
-30-
/For further information: AGF Management Limited shareholders and
analysts, please contact: Greg Henderson, CA, Senior Vice-President and Chief
Financial Officer, (416) 865-4156, greg.henderson@AGF.com; Deirdre Neary,
Director, Investor Relations, (416) 815-6268, deirdre.neary@AGF.com; Media,
please contact: Lucy Becker, Vice-President, Corporate Communications, (416)
865-4284, lucy.becker@AGF.com/
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