The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

AGF Reports February 2013 Assets Under Management

Monday, March 04, 2013

AGF Reports February 2013 Assets Under Management16:33 EST Monday, March 04, 2013TORONTO, March 4, 2013 /CNW/ - AGF Management Limited reported total fee-earning assets under management (AUM) of $39.3 billion as at February 28, 2013. This represents a decrease of 2.0% since January 31, 2013.AUM($ billions)February 28,2013February 29,2012% ChangeYear-Over-YearMutual Fund$19.5$22.3(12.6)%Retail Pooled Fund0.50.7(28.6)%Total Retail Fund (including retail pooled funds)$20.0$23.0(13.0)%Institutional andSub-advisory  +High-net-worth19.324.8(22.2)%Total AUM $39.3$47.8(17.8)%    Average DailyRetail Fund AUM$20.1$23.1(13.0)%Retail Fund AUM by Category (including retail pooled funds) ($ billions)February 28,2013February 29,2012% ChangeYear-Over-YearDomestic EquityFunds$6.4$8.7(26.4)%U.S. andInternational EquityFunds5.36.2(14.5)%Domestic BalancedFunds3.33.16.5%U.S. andInternationalBalanced Funds0.60.6-Domestic FixedIncome Funds3.03.0-U.S. andInternational FixedIncome Funds1.21.020.0%Domestic MoneyMarket0.20.4(50.0)%Total Retail FundAUM$20.0$23.0 ABOUT AGF MANAGEMENT LIMITEDAGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. With over $39 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.Caution Regarding Forward-Looking StatementsThis release includes forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and similar expressions, or future or conditional verbs such as 'may,' 'will,' 'should,' 'would' and 'could.' Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, economic factors, business prospects, business performance and opportunities. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.  Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements due to, but not limited to, important risk factors such as level of assets under management, volume of sales and redemptions of investment products, performance of investment funds and of investment managers and advisors, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as interest and foreign-exchange rates, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, and the company's ability to complete strategic transactions and integrate acquisitions. The company cautions that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements are given only as at the date of this release and other than specifically required by applicable laws, the company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.  Additional risks and uncertainties can be found in our MD&A for the fiscal year ended November 30, 2012 under the headings "Caution Regarding Forward-Looking Statements" and "Risk Factors and Management of Risk" and in our other filings with Canadian securities regulatory authorities.  SOURCE: AGFFor further information: AGF Management Limited shareholders and analysts, please contact:Robert J. Bogart  Executive Vice-President and Chief Financial Officer 416-865-4264, Michael Clabby  Vice-President, Corporate Development 416-815-6275,