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DundeeWealth(TM) reports June 2009 fee earning assets of $59.3 billion, $262 million in net sales, $562 million increase in AUM

^{Published on 2009-07-02 17:01:26, Last Modified on 2009-07-02 17:01:34 - Market Wire}
 

 TORONTO, July 2 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) reported total revenue earning fiduciary assets at June 30, 2009 of $59.3 billion. This includes $29.8 billion in assets under management ("AUM"), $6.2 billion in Bank Deposits from Dundee Bank of Canada and $23.3 billion in assets under administration ("AUA"). AUM increased $562 million, representing growth of 1.9% for the month. Assets Under Management and Administration As at June 30, 2009 (in millions of $) ------------------------------------------------------------------------- Total AUA and AUM, including Bank Deposits 59,287 ------------------------------------------------------------------------- AUM Activity, excluding Bank Deposits: -------------------------------------- AUM at beginning of period 27,620 ------------------------------------------------------------------------- Gross additions 558 Gross redemptions 296 ------------------------------------------------------------------------- Net additions 262 Change in market 249 ------------------------------------------------------------------------- 28,131 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Securities managed accounts 1,705 ------------------------------------------------------------------------- June 30, 2009 AUM 29,836 ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM Breakdown: -------------- Mutual funds 21,049 Closed end funds 324 Structured investment solutions 284 High net worth accounts - Goodman Private Wealth 1,480 High net worth assets in other categories (229) High net worth accounts - Dundee Securities managed accounts 1,705 Third party institutional 5,223 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 29,836 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Bank of Canada, Bank Deposits 6,175 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Assets under Administration 23,276 ------------------------------------------------------------------------- About DundeeWealth Inc. DundeeWealth is a Canadian owned, independent wealth management company that oversees $59.3 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: 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