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DundeeWealth(TM) reports November 2009 fee earning assets of $67.3 billion, $358 million in net sales and 5.0% growth in AUM

^{Published on 2009-12-01 14:45:45 - Market Wire}
 

 Assets Under Management and Administration As at November 30, 2009 (in millions of $) ------------------------------------------------------------------------- Total AUA and AUM, including Bank Deposits 67,347 ------------------------------------------------------------------------- AUM Activity, excluding Bank Deposits: -------------------------------------- AUM at beginning of period 31,400 ------------------------------------------------------------------------- Gross additions 664 Gross redemptions 306 ------------------------------------------------------------------------- Net additions 358 Change in market 1,236 ------------------------------------------------------------------------- 32,994 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Securities managed accounts 1,999 ------------------------------------------------------------------------- November 30, 2009 AUM 34,993 ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM Breakdown: -------------- Mutual funds 25,314 Closed end funds 361 Structured investment solutions 396 High net worth accounts - Goodman Private Wealth 1,684 High net worth assets in other categories (393) High net worth accounts - Dundee Securities managed accounts 1,999 Third party institutional 5,632 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 34,993 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Dundee Bank of Canada, Bank Deposits 7,199 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Assets under Administration 25,155 ------------------------------------------------------------------------- ------------------------------------------------------------------------- 

 ------------------------ (1) Performance fees are generally determined on December 31 of each year, and are only included in earnings when the amount of performance fees earned can be determined with certainty. Performance fees are impacted by capital market forces and therefore variances to this amount on a period by period basis may be significant.