The Canadian Press - ONLINE EDITION

AGF Management reports $14.5 million Q2 profit, says investments did better

  • Print

TORONTO - AGF Management Ltd. (TSX:AGF.B) reports it had $14.5 million or 17 cents per share of net income in its fiscal second quarter, contrasting with a year-earlier loss of $10.4 million or 12 cents per share.

The Toronto-based mutual fund operator and wealth management company said it continued to see improvements in its investment performance.

However, AGF's revenue from continuing operations — primarily from management and advisory fees — was down from a year earlier, dropping to $119.1 million from $126.9 million.

It has $35.9 billion of assets under management as of May 31, when the quarter ended, down 4.5 per cent from $37.6 billion a year earlier.

Assets managed for retail investors rose slightly to $19.7 billion from $19.5 billion, assets for wealthy individuals rose to $4.2 billion from $3.7 billion but assets managed for institutional investors declined to $12 billion from $14.4 billion.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Key of Bart - The Floodway Connection

View more like this

Photo Store Gallery

  • Marc Gallant / Winnipeg Free Press. Local- WINTER FILE. Snowboarder at Stony Mountain Ski Hill. November 14, 2006.
  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.

View More Gallery Photos

Poll

Should political leaders be highly visible on the frontlines of flood fights and other natural disasters?

View Results

View Related Story

Ads by Google