Strong Financial Performance
AGF reported an adjusted diluted EPS of $0.46, up 18% from the previous quarter. Adjusted EBITDA for the quarter was $46 million, which is $7 million higher than Q2 and $6 million higher compared to the prior year.
AUM Growth
Assets Under Management (AUM) and fee-earning assets reached $56.8 billion at the end of Q3, up 14% from a year ago.
Mutual Fund Sales Outpacing Industry
AGF Investments retail mutual funds reported net sales of $262 million in the quarter, outpacing the Canadian mutual fund industry.
ETF and SMA AUM Increase
SMA and ETF AUM increased by 64% year-over-year to $3.5 billion.
Strong Cash Flow and Shareholder Returns
Trailing 12-month free cash flow was $108 million, with $49 million returned to shareholders through dividends and share buybacks.
European Subsidiary Recognition
AGF's European subsidiary was accepted as a signatory to the U.K. Stewardship Code, a best practice benchmark in investment stewardship.