AGF Management Releases Key AUM Insights for August 2024
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AGF Management Limited Reports Assets Under Management Findings
AGF Management Limited has announced significant financial updates, revealing that its total assets under management (AUM) and fee-earning assets have reached an impressive $49.7 billion as of August 31, 2024. This showcases the company's ability to navigate the competitive landscape of asset management while catering to a diverse set of clients.
AUM Breakdown: Month and Year Comparisons
In examining the overall AUM, we see comparative figures that highlight AGF's growth trajectory. The total mutual fund assets reported stood at $28.1 billion on August 31, 2024, showcasing a steady increase from the previous month. This figure, alongside the year-ago comparison of $24.4 billion, demonstrates the company's ongoing effectiveness in wealth management.
Key Asset Categories
AGF's diverse asset categories include:
- Domestic Equity Funds: Currently valued at $4.3 billion.
- U.S. and International Equity Funds: This category shows robust figures at approximately $16.9 billion.
- Domestic Fixed Income Funds: Holding steady at $1.7 billion.
Overall Trends in AUM
The insights drawn from August's AUM figures indicate a month-over-month increase of 0.8%, extending the annual growth percentage to a notable 18.1%. Such trends reflect AGF's ongoing commitment to excellence in investment management.
AGF Capital Partners Performance
AGF Capital Partners continues to contribute positively to the firm's overall assets, reporting $4.9 billion in total AUM and fee-earning assets which includes $2.8 billion specific to AGF Capital Partners AUM. This segment signifies AGF's efforts to expand its footprint in investment management services.
Commitment to Sustainable Practices
AGF Management Limited prides itself on a disciplined approach that incorporates sustainable corporate practices. Founded in 1957, AGF remains an independent asset management firm that services a multitude of clients, including institutional investors and high-net-worth individuals. The firm emphasizes responsible investment strategies that resonate with modern values.
About AGF Management Limited
Headquartered in Toronto, Canada, AGF is committed to building lasting relationships with its clients, ensuring transparency, and delivering top-notch service. With nearly $50 billion in combined assets, AGF caters to over 800,000 investors through its various business divisions, including AGF Investments and AGF Private Wealth. The firm's dedication to sound investment principles and innovative strategies continues to drive success.
Contact AGF Management Limited
For inquiries, investors may reach out to:
Ken Tsang
Chief Financial Officer
416-865-4338, InvestorRelations@agf.com
Frequently Asked Questions
What are AGF Management Limited's total assets as of August 2024?
AGF’s total assets under management and fee-earning assets total $49.7 billion as of August 31, 2024.
How does AGF's AUM compare to previous months?
AGF's AUM saw a month-over-month increase of 0.8% when comparing the figures from July 2024 to August 2024.
What are the key categories within AGF's AUM?
AGF's key categories include Domestic Equity Funds, U.S. and International Equity Funds, and Domestic Fixed Income Funds among others.
How has AGF Capital Partners performed recently?
AGF Capital Partners has reported $4.9 billion in AUM and fee-earning assets, reflecting positive growth within this segment.
What is AGF’s approach to investment management?
AGF focuses on disciplined investment strategies with a strong commitment to sustainable corporate practices.
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