|
AGF July 2006 Results
|
Can't Post
|
|
AGF reported positive net sales of long term funds of $60.0 million for the month ended July 31, 2006. Gross sales for the month ended July 31, 2006 were $301.7 million, an increase of 77.4% over the $170.1 million reported in the same month last year. Gross sales included a $37.5 million mutual fund purchase by an Institutional client. Total fee-earning assets under management , including mutual funds, institutional mandates and AGF Private Investment Management, were $38.3 billion up 15.4% from $33.2 billion for the same period last year.
($ millions) Assets at Gross Sales Redemptions Net Sales Net Sales
July 31/06 July 2006 July 2006 July 2006 July 2005
Long-term
funds $23,576 $286.6 $226.6 $60.0 ($129.4)
Money market 468 $15.1 $21.4 ($6.3) ($9.7)
Total mutual
funds 24,044 $301.7 $248.0 $53.7 ($139.1)
Institutional
+ PIM 14,299
Total Assets 38,343
AGF Private Investment Management and Institutional AUM grew 30.0% to $14.3 billion up from $11.0 billion one year ago. Average daily mutual fund AUM for July 2006 were $23.6 billion.
Join the Econ-Community 4 FREE!
|
Mod
Webmaster
/ Moderator
Aug 5, 2006, 8:48 PM
Post #1 of 1
(414 views)
|
