The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

CI Financial reports a 4.5% increase in assets under management

Tuesday, November 01, 2011

CI Financial reports a 4.5% increase in assets under management17:02 EDT Tuesday, November 01, 2011TSX Symbol: CIXTORONTO, Nov. 1, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at October 31, 2011 of $70.4 billion and total assets of $92.2 billion.CI's assets under management increased by $3.0 billion or 4.5% during the month of October and were up by $2.2 billion or 3.2% over one year. CI's total assets grew by $3.8 billion or 4.3% during the month and increased by $2.0 billion or 2.2% year over year. CI's average assets under management for the year-to-date were $72.7 billion, up $7.0 billion or 10.6% from the average for fiscal 2010.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $21.9 billion.Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website,, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.CI will report its financial results for the third quarter of fiscal 2011 on November 8, 2011.CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds. CI is on the Web at FINANCIAL CORP.October 31, 2011MONTH-END STATISTICSENDING ASSETS Oct. 31/11(millions)Sept. 30/11(millions)%ChangeOct. 31/10 (millions)%ChangeAssets under management$70,389$67,3864.5%$68,2353.2%Assets under administration*21,85921,0453.9%22,015-0.7%TOTAL$92,248$88,4314.3%$90,2502.2%MONTHLY AVERAGEASSETS UNDER MANAGEMENTOct. 31/11 (millions)Sept. 30/11 (millions)% ChangeMonthly average$68,900$68,7870.2%QUARTERLY AVERAGE ASSETS UNDER MANAGEMENTOct. 31/11 (millions)Sept. 30/11 (millions)% ChangeQuarterly average$68,900$70,823-2.7%FISCAL AVERAGEASSETS UNDER MANAGEMENTFiscal 2011 (millions)Fiscal 2010 (millions)% ChangeFiscal year average$72,709$65,71910.6%EQUITY       FINANCIAL POSITION (millions) Total outstanding sharesQTD weighted avg. sharesYield at $20.00In-the-money optionsPercentage of all optionsAll options % of shares284,742,023285,503,8204.5%3,031,23847%2.3%Debt outstandingNet debt outstanding Terminal redemption value of funds   $850$713 $786  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUMCanada      52%Asia       3%United States      23%Other       4%Europe        9%Cash       9%  For further information: Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145