The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from CNW Group

CI Financial reports assets under management

Thursday, December 01, 2011

CI Financial reports assets under management17:12 EST Thursday, December 01, 2011TSX Symbol: CIXTORONTO, Dec. 1, 2011 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at November 30, 2011 of $70.1 billion and total assets of $92.0 billion.CI's assets under management increased by $1.4 billion or 2.1% year over year and declined by 0.4% in the month of November. CI's average assets under management for the year-to-date were $72.4 billion, up $6.7 billion or 10.2% from the average for fiscal 2010.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $21.9 billion.In other developments, CI Investments Inc. was the winner of two awards at last night's Morningstar Canadian Investment Awards event. Portfolio Series was named Best Fund of Funds, and Signature High Income Fund was chosen Best Global Balanced Fund. In addition, CI Investments was a finalist for both the Advisors' Choice Investment Fund Company of the Year and Analysts' Choice Investment Fund Company of the Year, while another four CI funds were finalists in their categories."The continued recognition of CI and its funds reflects our emphasis on providing quality and leading portfolio management expertise across our product lineup," said Stephen A. MacPhail, CI President and Chief Executive Officer. CI and its managers have received 45 Canadian Investment Awards in the past 14 years.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 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.November 30, 2011MONTH-END STATISTICSENDING ASSETS  Nov. 30/11 (millions) Oct. 31/11 (millions)% Change  Nov. 30/10 (millions)% Change Assets under management$70,081$70,389-0.4%$68,6712.1%Assets under administration* 21,89621,975-0.4%22,256-1.6%TOTAL$91,977$92,364-0.4%$90,9271.2%MONTHLY AVERAGEASSETS UNDER MANAGEMENT  Nov. 30/11 (millions) Oct. 31/11 (millions)%  Change Monthly average$69,720$68,9001.2%QUARTERLY AVERAGE ASSETS UNDER MANAGEMENT Nov. 30/11 (millions) Sept. 30/11 (millions)%  Change Quarterly average$69,303$70,823-2.1%FISCAL AVERAGEASSETS UNDER MANAGEMENT  Fiscal 2011  (millions) Fiscal 2010 (millions)%  Change Fiscal year average$72,441$65,71910.2%EQUITY  FINANCIAL POSITION (millions)Total outstanding sharesQTD weighted avg. shares  Yield at $20.50In-the-money optionsPercentage of all optionsAll options % of shares 283,733,349284,870,2954.4%2,957,83647%2.2%Debt outstandingNet debt outstanding Terminal redemption value of funds    $850 $720  $785  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUM Canada52%Asia3%United States22%Other4%Europe9%Cash10%For further information: Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145