This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:AGF Management AUM $44.1-billion at Sept. 30 2009-10-02 14:44 ET - News Release Mr. Greg Henderson reports AGF REPORTS SEPTEMBER 2009 MUTUAL FUND SALES AGF Management Ltd. reported total fee-earning assets under management (AUM) of $44.1-billion as at Sept. 30, 2009, an increase of 7.5 per cent from Aug. 31, 2009, marking the seventh consecutive month of increasing AUM. The month-over-month increase in total AUM was partly attributable to approximately $1.8-billion in new institutional mandates.
On a year-over-year basis, overall AUM increased 2 per cent from $43.2-billion. Net redemptions of long-term mutual funds were $80.1-million for the month which ended Sept. 30, 2009, compared with long-term mutual fund net redemptions of $158-million in September, 2008.
($-millions) Gross
Assets at sales Redemptions Net sales Net sales
Sept. 30, September, September, September, September,
2009 2009 2009 2009 2008
Long-term funds $22,247 $196.1 $276.2 $(80.1) $(158.0)
Money market 537 7.7 22.5 (14.8) (9.3)
Total mutual funds $22,784 $203.8 $298.7 $(94.9) $(167.3)
Institutional and
strategic accounts
+ high-net-worth 21,310
Total assets $44,094
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