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DundeeWealth(R) Reports August 2010 Fee Earning Assets of $73.1 Billion, $194 million in Long-Term Fund Net Sales and $102 Mill

^{Published on 2010-09-02 08:20:51 - Market Wire}
 

 Fee Earning Assets As at August 31, 2010 (in millions of $) ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM 40,134 ------------------------------------------------------------------------- AUA 25,608 ------------------------------------------------------------------------- Bank Deposits, Dundee Bank of Canada 7,354 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Total revenue earning fiduciary assets 73,096 ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM Activity: ------------- AUM at beginning of period, excluding Dundee Securities managed accounts 37,114 ------------------------------------------------------------------------- Gross additions 551 Gross redemptions 449 ------------------------------------------------------------------------- Net additions 102 Change in market 576 ------------------------------------------------------------------------- 37,792 ------------------------------------------------------------------------- ------------------------------------------------------------------------- High net worth accounts - Dundee Securities managed accounts 2,342 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Total AUM 40,134 ------------------------------------------------------------------------- ------------------------------------------------------------------------- AUM Breakdown: -------------- Mutual funds 29,923 Closed end funds 227 Structured investment solutions 258 High net worth accounts - Goodman Private Wealth 1,925 High net worth assets in other categories (392) High net worth accounts - Dundee Securities managed accounts 2,342 Third party institutional 5,851 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Total AUM 40,134 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Note: Total net sales of $102 million includes net redemptions of approximately $95 million primarily related to third party institutional accounts.