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TORONTO, June 5, 2023 (GLOBE NEWSWIRE) — AGF Management Limited reported total assets under management (AUM) and fee-earning assets.1 $41.2 billion on May 31, 2023.
| AUM
(in billions of dollars) |
May 31, 2023 |
April 30, 2023 |
% changes a month up- Month |
May 31, 2022 |
% changes year after- year |
||||||||||
| Total investment fund (including retail pooled funds) | $ | 23.6 | $ | 24.2 | $ | 22.8 | |||||||||
| Institutions and subsidiary advisory + ETFs + AGF’s private wealth | $ | 15.5 | $ | 16.0 | $ | 15.4 | |||||||||
| Subtotal (Before AGF fee-bearing assets and fee-bearing assets1) |
$ | 39.1 | $ | 40.2 | $ | 38.2 | |||||||||
| AGF Private Capital | $ | 0.1 | $ | 0.1 | $ | 0.1 | |||||||||
| Total assets under management | $ | 39.2 | $ | 40.3 | (2.7%) | $ | 38.3 | 2.3% | |||||||
| The feeable assets of AGF Private Capital1 | $ | 2.0 | $ | 2.0 | $ | 2.0 | |||||||||
| Total assets under management and fee-bearing assets1 | $ | 41.2 | $ | 42.3 | (2.6%) | $ | 40.3 | 2.2% | |||||||
| Average daily assets of a mutual fund | $ | 23.9 | $ | 24.2 | $ | 22.6 | |||||||||
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1 Fee-earning assets represent assets in which the AGF holds interest and earns recurring fees but does not have an ownership interest in the principals.
| Mutual fund assets under management by category (including individual mutual funds)
(in billions of dollars) |
May 31, 2023 |
April 30, 2023 |
May 31, 2022 |
||||||
| local equity funds | $ | 3.7 | $ | 3.9 | $ | 4.1 | |||
| US and international equity funds | 12.9 | 13.2 | 11.7 | ||||||
| Local Balanced Funds | 0.3 | 0.3 | 0.4 | ||||||
| US and international balanced funds | 1.6 | 1.7 | 1.7 | ||||||
| local fixed income funds | 1.6 | 1.6 | 1.4 | ||||||
| US and international fixed income funds | 3.3 | 3.3 | 3.4 | ||||||
| local money market | 0.2 | 0.2 | 0.1 | ||||||
| The total assets of the mutual fund | $ | 23.6 | $ | 24.2 | $ | 22.8 | |||
| AGF Private Capital AUM and fee-earning assets
(in billions of dollars) |
May 31, 2023 |
April 30, 2023 |
May 31, 2022 |
||||||
| AGF Private Capital AUM | $ | 0.1 | $ | 0.1 | $ | 0.1 | |||
| The feeable assets of AGF Private Capital | 2.0 | 2.0 | 2.0 | ||||||
| Total assets under management (AGF) and fee-earning assets | $ | 2.1 | $ | 2.1 | $ | 2.1 | |||
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About AGF Management Limited
Established in 1957, AGF Management Limited (AGF) is an independent, globally diversified asset management firm that delivers excellence in investing in the public and private markets through its three distinct business lines: AGF Investments, AGF Private Capital and AGF Private Wealth.
AGF offers a disciplined approach focused on providing an exceptional customer experience and incorporating sound, sustainable and responsible practices. The company’s investment solutions, driven by its core, quantitative and proprietary investment capabilities, span the world to a wide range of clients, from financial advisors and their clients to high net worth individuals and institutional investors including retirement plans, corporate plans, sovereign wealth funds, endowments and foundations.
AGF is headquartered in Toronto, Canada, and has investment operations and customer service teams on the ground in North America and Europe. With over $41 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF is traded on the Toronto Stock Exchange under the symbol AGF.B.
Shareholders, analysts and media of AGF Management Limited, please contact:
Courtney Learmont
Vice President for Finance
647-253-6804, InvestorRelations@agf.com