CI Financial reports assets under management for January

TSX Symbol: CIX

TORONTO, Feb. 2 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at January 31, 2011 of $73.7 billion, a month-end record for the firm.

When compared to January 31, 2010, CI's assets under management have grown by 17.7% or $11.1 billion. Net of the recent acquisition of Hartford Investments Canada Corp., CI's year-over-year asset growth was 14.8% or $9.2 billion.

In the month of January 2011, CI's assets under management increased by 1.2% or $863 million, representing the fifth consecutive month of asset growth. In addition, CI's assets under management at January 31, 2011 were up 6.3% from the average for the fourth quarter of 2010.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.6 billion, bringing CI's total assets at January 31, 2011 to $96.3 billion. Total assets increased by 1.0% or $959 million during January.

As previously announced, CI is now reporting its sales results on a quarterly basis, with the release of its interim and annual financial results. CI is scheduled to report its quarterly and annual results for the period ending December 31, 2010 on February 23, 2010.

Additional information about CI's sales, assets and financial position can be found below in the tables of preliminary statistics and on its website, www.ci.com/cix, 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.
January 31, 2011
MONTH-END STATISTICS

ENDING ASSETS

Jan. 31/11
(millions)
Dec. 31/10
(millions)
%
Change
Jan. 31/10
(millions)
%
Change
Assets under management $73,688 $72,825 1.2% $62,583 17.7%

Assets under administration*

22,593 22,497 0.4% 20,862 8.3%
TOTAL $96,281 $95,322 1.0% $83,445 15.4%

MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
Jan. 31/11
(millions)
Dec. 31/10
(millions)
%
Change
Monthly average $73,041 $71,227 2.5%

QUARTERLY AVERAGE ASSETS
UNDER MANAGEMENT
Jan. 31/11
(millions)
Dec. 31/10
(millions)
%
Change
Quarterly average $73,041 $69,297 5.4%

FISCAL AVERAGE
ASSETS UNDER MANAGEMENT
Fiscal 2011
(millions)
Fiscal 2010
(millions)
%
Change
Fiscal year average $73,041 $65,719 11.1%

EQUITY

FINANCIAL POSITION
(millions)

Total outstanding shares

287,911,796 Debt Outstanding $850
QTD weighted avg. shares 287,605,710

Cash and marketable securities

(115)
Yield at $21.45 3.9% Net debt outstanding $735
In-the-money options 5,504,594    
Percentage of all options 99% Terminal redemption value of funds $798
All options % of shares 1.9%    

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM

Canada

      52% Asia 4%
United States       23% Other 4%

Europe

      10% 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. CI is on the Web at www.ci.com/cix.

This press release contains forward-looking statements with respect to CI and its products and services, including its business operations and strategy and financial performance and condition. Although management believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, and other factors discussed in materials filed with applicable securities regulatory authorities from time to time.

SOURCE CI Investments Inc.

For further information:

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


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