AGF Management Limited (AGF) reported total fee-earning assets under management (AUM) of $41.9 billion as at June 30, 2010, an increase of 8.9% from June 30, 2009.
| ($ millions) | Assets at June 30/10 | Gross Sales June 2010 | Redemptions June 2010 | Net Sales June 2010 | Net Sales June 2009 |
| Long-term Funds | $20,500 | $160.1 | $320.4 | $(160.3) | $(44.1) |
| Money Market | 423 | 5.8 | 21.9 | (16.1) | (17.5) |
| Total Mutual Funds | $20,923 | $165.9 | $342.3 | $(176.4) | $(61.6) |
| Institutional and Strategic Accounts + High-net-worth | 21,018 | | | | |
| Total Assets | $41,941 | | | | |
Net redemptions of long-term mutual funds were $160.3 million for the month ended June 30, 2010 compared with long-term mutual fund net redemptions of $44.1 million in June 2009.
Average daily mutual fund AUM for June 2010 was $21.3 billion compared to $21.2 billion in June 2009. AGF institutional, strategic and high-net-worth AUM increased to $21.0 billion from $17.3 billion at June 2009 as a result of market appreciation and new mandates.
About AGF Management Limited
AGF Management Limited is one of Canada's premier investment solutions firms 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 private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $42 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.
AGF Management Limited shareholders and analysts, please contact:
Robert J. Bogart, CPA
Senior Vice-President and Chief Financial Officer
416-865-4264, bob.bogart@AGF.com
Deirdre Neary
Director, Investor Relations
416-815-6268, deirdre.neary@AGF.com
Media, please contact:
Lucy Becker
Vice-President, Public Relations and Public Affairs
416-865-4284, lucy.becker@AGF.com
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