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 continued growth in assets under management

Thursday, November 01, 2012

CI Financial reports continued growth in assets under management16:57 EDT Thursday, November 01, 2012TSX Symbol: CIXTORONTO, Nov. 1, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $74.2 billion and total assets of $97.0 billion as of October 31, 2012.Assets under management rose by 0.5% in the month of October, for the fourth consecutive month of growth. On a year-over-year basis, assets under management were up by $3.8 billion or 5.4%.Assets under management at October 31, 2012 of $74.2 billion represented an increase of $1.8 billion or 2.5% over the average assets under management for the third quarter of 2012 and an increase of $2.0 billion or 2.8% over the average for fiscal 2011.CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.7 billion at October 31, 2012, representing an increase of 0.6% for the month and 3.5% for the 12-month period.Additional information about CI's assets and financial position can be found below in the tables of preliminary statistics and on its website, www.cifinancial.com, in the Statistics section. These are the only statistics authorized by CI and CI takes no responsibility for reporting by any external sources.CI also will report its financial results for the quarter ending September 30, 2012 on Tuesday, November 6, on Canada Newswire and www.cifinancial.com.CI FINANCIAL CORP.October 31, 2012PRELIMINARY MONTH-END STATISTICSENDING ASSETS Oct. 31/12(millions)Sep. 30/12(millions)%ChangeOct. 31/11 (millions)%ChangeAssets under management$74,224$73,8660.5%$70,4275.4%Assets under administration*22,73622,6110.6%21,9753.5%TOTAL$96,960$96,4770.5%$92,4024.9%MONTHLY AVERAGEASSETS UNDER MANAGEMENTOct. 31/12(millions)Sep. 30/12(millions)% ChangeMonthly average$74,024$73,4490.8%FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENTEnding Oct. 31/12(millions)Ending Sep. 30/12(millions)% ChangeFiscal quarter average$74,024$72,4372.2%FISCAL YEAR AVERAGEASSETS UNDER MANAGEMENTFiscal 2012 (millions)Fiscal 2011 (millions)% ChangeFiscal year average$72,233$72,1860.1%EQUITYFINANCIAL POSITION (millions)    Total outstanding sharesQTD weighted avg. sharesCurrent YieldPotential share dilution from optionsAll options % of shares 283,074,620283,085,2174.1%848,6772.3% Debt outstandingNet debt outstanding Terminal redemption value of funds   $750$551 $787  * Includes CI and United Financial funds administered by Assante advisors.ESTIMATED GEOGRAPHIC EXPOSURE OF AUMCanada      50%Asia       4%United States      27%Other       5%Europe      10%Cash       4%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 www.cifinancial.com.    SOURCE: CI Investments Inc.For further information: Stephen A. MacPhail President and Chief Executive Officer CI Financial (416) 364-1145