CI Financial reports record asset levels

TSX Symbol: CIX

TORONTO, Dec. 2, 2013 /CNW/ - CI Financial Corp. ("CI") today reported record highs for assets under management, at $89.7 billion, and for total assets, at $116.3 billion, as of November 30, 2013.

CI's assets under management grew by $15.0 billion or 20.1% year over year, and were up $1.2 billion or 1.3% for the month of November 2013. In comparison, the S&P/TSX Composite Total Return Index gained 12.9% over the 12-month period and 0.4% in November.

CI's assets under management as of November 30 were up $5.5 billion or 6.6% from the average assets under management for the quarter ended September 30, 2013, and up $17.0 billion or 23.5% over the average for fiscal 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $26.7 billion at November 30, 2013, an increase of 17.3% year over year.

Also in November, CI Investments Inc. was the recipient of three Morningstar Awards, with Portfolio Select Series being named Best Fund of Funds - the third consecutive year that CI has been the winner in this category. In addition, Black Creek International Equity Fund was selected Best International Equity Fund and CI Global Health Sciences Corporate Class was named Best Specialty Equity Fund.

In other developments, CI today completed its acquisition of a 65% interest in Marret Asset Management Inc., a leading alternative asset manager that specializes in global and Canadian fixed income and is led by Barry Allan. The transaction was first announced in September.

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 FINANCIAL CORP.
November 30, 2013
PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS    Nov. 30/13   
(millions)
   Oct. 31/13   
(millions)
%
Change
   Nov. 30/12   
(millions)
%
   Change   
Assets under management $89,655 $88,468 1.3% $74,641 20.1%
Assets under administration* 26,652 26,379 1.0% 22,724 17.3%
TOTAL $116,307 $114,847 1.3% $97,365 19.5%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
   Nov. 30/13    
(millions)
   Oct. 31/13   
(millions)
%
   Change   
Monthly average $88,991 $87,024 2.3%

FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
   Ending Nov. 30/13   
(millions)
   Ending Sep. 30/13    
(millions)
%
   Change   
Fiscal quarter average $87,991 $84,125 4.6%

FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
   Ending Nov. 30/13   
(millions)
   Fiscal 2012   
(millions)
%
   Change   
Fiscal year average $82,736 $72,606 14.0%

EQUITY

FINANCIAL POSITION
(millions)
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares

283,983,864
283,964,380
3.3%
1,451,358
1.7%

Debt outstanding
Net debt outstanding

Terminal redemption value of funds


$500
$361

$759

* Includes CI and United Financial funds administered by Assante advisors.

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM                                    
Canada 47% Asia 3%
United States 26% Other 5%
Europe 12% Cash 7%

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, and is on the Web at www.cifinancial.com.

Morningstar Awards © Morningstar, Inc. All rights reserved.

 

 

 

SOURCE CI Investments Inc.

For further information:

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
(416) 364-1145