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.

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