10:21 AM EST - AGF Management Limited : Today announced financial results for the fourth quarter and fiscal year ended November 30, 2020. AGF reported total assets under management (AUM) of $38.8 billion compared to $37.0 billion as at August 31, 2020 and $38.8 billion as at November 30, 2019. AGF’s mutual fund net sales totaled $88 million in Q4 2020, compared to net redemptions of $181 million in Q4 2019. Excluding net flows from institutional clients invested in mutual funds, retail mutual fund net sales were $66 million for the quarter compared to net redemptions of $181 million in the comparative period of 2019. Mutual funds improved 37% year-over-year outpacing the industry year-over-year improvement of 21% (1) . Sales momentum has continued into Q1 2021. AGF Management Limited
shares T.AGF.B are trading up $0.16 at $6.49.
