CI Financial reports record assets under management

TSX Symbol: CIX

TORONTO, Oct. 1, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $85.6 billion and total assets of $111.1 billion as of September 30, 2013, both new month-end records for the company.

CI's assets under management grew by $11.7 billion or 15.8% year over year, and were up $1.7 billion or 2.1% for the month of September 2013. In comparison, the S&P/TSX Composite Total Return Index gained 7.1% over the 12-month period and 1.4% in September.

CI's average assets under management for the quarter ended September 30, 2013 were $84.1 billion, an increase of $2.4 billion or 3.0% over the average assets under management for the second quarter of 2013 and an increase of $11.7 billion or 16.1% over the average for the third quarter of 2012.

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $25.5 billion at September 30, 2013, an increase of 12.8% year over year.

During the month of September, CI announced two additions to its outstanding lineup of portfolio managers. Roger Mortimer, who has over 18 years of experience in managing Canadian and global equity and income portfolios, joined Harbour Advisors, a division of CI Investments Inc. CI also announced an agreement to purchase a majority stake in Marret Asset Management Inc., a leading alternative asset manager specializing in global and Canadian fixed income. Marret is led by Barry Allan, who has over 30 years of investment experience and heads a team of 11 portfolio managers and research analysts.

CI is scheduled to release its financial results for the period ending September 30, 2013 on Thursday, November 7, 2013.

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. September 30, 2013 PRELIMINARY MONTH-END STATISTICS
ENDING ASSETS	Sept. 30/13 (millions)	Aug. 31/13 (millions)	% Change	Sept. 30/12 (millions)	% Change
Assets under management	$85,557	$83,810	2.1%	$73,866	15.8%
Assets under administration*	25,511	24,995	2.1%	22,611	12.8%
TOTAL	$111,068	$108,805	2.1%	$96,477	15.1%

MONTHLY AVERAGE ASSETS UNDER MANAGEMENT	Sept. 30/13 (millions)	Aug. 31/13 (millions)	% Change
Monthly average	$84,978	$84,136	1.0%

FISCAL QUARTER AVERAGE ASSETS UNDER MANAGEMENT	Ending Sept. 30/13 (millions)	Ending June 30/13 (millions)	% Change
Fiscal quarter average	$84,125	$81,691	3.0%

FISCAL YEAR AVERAGE ASSETS UNDER MANAGEMENT	Ending Sept. 30/13 (millions)	Fiscal 2012 (millions)	% Change
Fiscal year average	$81,562	$72,606	12.3%

EQUITY		FINANCIAL POSITION (millions)
Total outstanding shares QTD weighted avg. shares Current Yield Potential share dilution from options All options % of shares	283,915,174 283,821,756 3.5% 1,180,827 1.7%	Debt outstanding Net debt outstanding   Terminal redemption value of funds	$500 $408   $762

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

ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
Canada	45%	Asia	3%
United States	27%	Other	5%
Europe	13%	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.

 

SOURCE: CI Investments Inc.

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