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Growth of 5.9% in AUM for the month consists of Investment division market appreciation of $1.6 billion, long-term mutual fund net sales of $218 million and short-term mutual fund net sales of $93 million. Net sales of short-term assets includes a $110 million purchase from a single institutional investor.
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Assets Under Management and Administration
As at September 30, 2009
(in millions of $)
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Total AUA and AUM, including Bank Deposits 65,387
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AUM Activity, excluding Bank Deposits:
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AUM at beginning of period 29,930
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Gross additions 648
Gross redemptions 462
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Net additions 186
Change in market 1,605
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31,721
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Dundee Securities managed accounts 1,923
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September 30, 2009 AUM 33,644
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AUM Breakdown:
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Mutual funds 24,182
Closed end funds 357
Structured investment solutions 396
High net worth accounts - Goodman Private Wealth 1,629
High net worth assets in other categories (378)
High net worth accounts - Dundee Securities managed accounts 1,923
Third party institutional 5,535
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33,664
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Dundee Bank of Canada, Bank Deposits 6,823
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Assets under Administration 24,920
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About DundeeWealth Inc.
DundeeWealth is a Canadian owned, independent wealth management company that oversees $65.4 billion in fee earning assets. It provides diversified wealth management and investment solutions including alternative and tax-advantaged products, capital markets and advisory services to financial advisors, institutions, corporations and foundations, and innovative wealth management through independent financial advisors across Canada. Its award winning investment brand, Dynamic Funds(TM), managed by Goodman & Company, Investment Counsel Ltd., is also available outside of Canada through distribution platforms in Europe and the United States. DundeeWealth is listed on the Toronto Stock Exchange (TSX: DW).
SOURCE: DundeeWealth Inc.
Investor/Analyst inquiries: John Pereira, Chief Financial Officer, DundeeWealth Inc., (416) 365-5180; Media inquiries: Myra Reisler, Manager, Public Affairs, DundeeWealth Inc., (416) 365-5370
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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