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DundeeWealth(TM) reports July 2009 fee earning assets of $61.1 billion, $276 million in net sales and $31.1 billion in AUM repr

^{Published on 2009-08-04 16:29:15, Last Modified on 2009-08-04 16:29:23 - Market Wire}
 

 TORONTO, Aug. 4 /CNW/ - DundeeWealth Inc. ("DundeeWealth") (TSX: DW) reported total revenue earning fiduciary assets at July 31, 2009 of $61.1 billion. This includes $31.1 billion in assets under management ("AUM"), $6.3 billion in Bank Deposits from Dundee Bank of Canada and $23.7 billion in assets under administration ("AUA"). AUM increased $1.2 million, representing growth of 4.1% for the month. Assets Under Management and Administration As at July 31,2009 (in millions of $) ------------------------------------------------------------------------- Total AUA and AUM, including Bank Deposits 61,102 ------------------------------------------------------------------------- AUM Activity, excluding Bank Deposits: -------------------------------------- AUM at beginning of period 28,131 ------------------------------------------------------------------------- Gross additions 505 Gross redemptions 229 ------------------------------------------------------------------------- Net additions 276 Change in market 841 ------------------------------------------------------------------------- 29,248 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Securities managed accounts 1,802 ------------------------------------------------------------------------- July 31, 2009 AUM 31,050 ------------------------------------------------------------------------- AUM Breakdown: -------------- Mutual funds 21,975 Closed end funds 331 Structured investment solutions 307 High net worth accounts - Goodman Private Wealth 1,529 High net worth assets in other categories (260) High net worth accounts - Dundee Securities managed accounts 1,802 Third party institutional 5,366 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 31,050 ------------------------------------------------------------------------- Dundee Bank of Canada, Bank Deposits 6,319 ------------------------------------------------------------------------- Assets under Administration 23,733 ------------------------------------------------------------------------- ------------------------------------------------------------------------- About DundeeWealth Inc. DundeeWealth is a Canadian owned, independent wealth management company that oversees $61.1 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).

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