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DundeeWealth(TM) reports May 2009 fee earning assets of $58.3 billion, $274 million in net sales and 8.4% growth in AUM

^{Published on 2009-06-01 14:28:02, Last Modified on 2009-06-01 14:28:55 - Market Wire}
 

 TORONTO, June 1 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) reported total revenue earning fiduciary assets at May 31, 2009 of $58.3 billion. This includes $29.3 billion in assets under management ("AUM"), $6.1 billion in Bank Deposits from Dundee Bank of Canada and $22.9 billion in assets under administration. Growth of 8.4% in AUM includes fund division market appreciation of $1.9 billion and net sales of $274 million. Assets Under Management and Administration As at May 31, 2009 (in millions of $) ------------------------------------------------------------------------- Total AUA and AUM, including Bank Deposits 58,288 ------------------------------------------------------------------------- AUM Activity, excluding Bank Deposits: -------------------------------------- AUM at beginning of period 25,428 ------------------------------------------------------------------------- Gross additions 599 Gross redemptions 325 ------------------------------------------------------------------------- Net additions 274 Change in market 1,918 ------------------------------------------------------------------------- 27,620 ------------------------------------------------------------------------- Dundee Securities managed accounts 1,654 ------------------------------------------------------------------------- May 31, 2009 AUM 29,274 ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM Breakdown: -------------- Mutual funds 20,656 Closed end funds 325 Structured investment solutions 258 High net worth accounts - Goodman Private Wealth 1,423 High net worth assets in other categories (222) High net worth accounts - Dundee Securities managed accounts 1,654 Third party institutional 5,180 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 29,274 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Bank of Canada, Bank Deposits 6,108 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Assets under Administration 22,906 ------------------------------------------------------------------------- ------------------------------------------------------------------------- About DundeeWealth Inc. DundeeWealth is a Canadian owned, independent wealth management company that oversees $58.3 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). DundeeWealth and Dynamic Funds are registered trademarks of Dundee Corporation, used under license. 

For further information: Joanne Ferstman, Vice Chairman & Chief Financial Officer, DundeeWealth Inc., (416) 365-5010; or Myra Reisler, Manager, Media Relations, DundeeWealth Inc., (416) 365-5370