CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Dec. 3, 2012 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $74.6 billion and total assets of $97.4 billion as of November 30, 2012.

Assets under management rose by 0.6% in the month of November, for the fifth consecutive month of growth. On a year-over-year basis, assets under management rose by $4.5 billion or 6.4%. In comparison, the S&P/TSX Composite Index declined 1.3% in November and is up 3.4% over the 12-month period.

Assets under management at November 30, 2012 of $74.6 billion represented an increase of $2.2 billion or 3.0% over the average assets under management for the third quarter of 2012 and an increase of $2.5 billion or 3.4% over the average for fiscal 2011.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.7 billion at November 30, 2012, an increase of 0.1% for the month and 5.0% year over year.

During November, CI Investments Inc. was appointed sub-advisor to Scotia U.S. Dividend Fund, a new mandate offered by Scotia Asset Management. The portfolio manager is Alan Radlo, Chief Investment Officer of CI's Cambridge Advisors. In addition, Scotia Asset Management announced that CI funds would be included in several new fund-of-funds products, including the Scotia Selected Income Portfolio.

Also in November, CI Investments was the winner of two Morningstar Canadian Investment Awards, with Portfolio Series being named Best Fund of Funds for the second consecutive year and Signature High Income Fund chosen as Best Global Balanced Fund, making it a four-time winner at the awards.

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, 2012 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Nov 30/12 (millions)	Oct 31/12 (millions)	% Change	Nov 30/11 (millions)	% Change
Assets under management	$74,641	$74,224	0.6%	$70,127	6.4%
Assets under administration*	22,741	22,718	0.1%	21,652	5.0%
TOTAL	$97,382	$96,942	0.5%	$91,779	6.1%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Nov 30/12 (millions)	Oct 31/12 (millions)	% Change
Monthly average	$73,798	$74,024	-0.3%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending Nov 30/12 (millions)	Ending Sep 30/12 (millions)	% Change
Fiscal quarter average	$73,913	$72,437	2.0%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Fiscal 2012 (millions)	Fiscal 2011 (millions)	% Change
Fiscal year average	$72,373	$72,186	0.3%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Current Yield Potential share dilution from options All options % of shares	282,878,922 283,039,022 4.0% 970,762 2.3%	Debt outstanding Net debt outstanding Terminal redemption value of funds	$750 $544 $787

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	49%	Asia	4%
United States	28%	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.

Stephen A. MacPhail
President and Chief Executive Officer
CI Financial
[phone]