CI Financial reports assets under management for November 2018

TORONTO, Dec. 3, 2018 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) today reported preliminary assets under management at November 30, 2018 of $130.2 billion and total assets of $173.2 billion.

Assets under management increased by 0.3% in the month of November and decreased by 9.6% year over year. Total assets experienced a 0.5% increase through the month of November and decreased by 7.2% for the 12-month period.

CI's average assets under management for the quarter-to-date were $131.1 billion, versus $138.3 billion for the third quarter of 2018. Average assets under management for the year-to-date were $138.3 billion, a gain of $12.0 billion or 9.5% from the average for fiscal 2017.

CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $43.0 billion at November 30, 2018, representing an increase of $0.5 billion or 1.2% year over year.

Further information about CI's assets and financial position can be found below in the tables of statistics and on its website, www.cifinancial.com. These are the only statistics authorized by CI, and CI takes no responsibility for reporting by any external sources.

CI FINANCIAL CORP

November 30, 2018

PRELIMINARY MONTH-END STATISTICS

ENDING ASSETS

Nov. 30/18
(billions)

Oct. 31/18
(billions)

%
Change

Nov. 30/17
(billions)

%
C
hange

Assets under management

$130.2

$129.8

0.3%

$144.1

-9.6%

Assets under advisement1

43.0

42.6

0.9%

42.5

1.2%

TOTAL

$173.2

$172.4

0.5%

$186.6

-7.2%

 

MONTHLY AVERAGE

ASSETS UNDER MANAGEMENT

Nov. 30/18
(billions)

Oct. 31/18
(billions)

%
Change

Monthly average

$129.9

$132.2

-1.7%

                               

FISCAL QUARTER AVERAGE

ASSETS UNDER MANAGEMENT

Ending Nov. 30/18
(billions)

Ending Sept. 30/18
(
billions)

%
Change

Fiscal quarter average

$131.1

$138.3

-5.2%

 

FISCAL YEAR AVERAGE

ASSETS UNDER MANAGEMENT

Fiscal 2018
(billions)

Fiscal 2017
(billions)

%
Change

Fiscal year average

$138.3

$126.3

9.5%

 

EQUITY

(millions)

FINANCIAL POSITION

(millions)

Total outstanding shares

245.0

Debt outstanding

$1,544

QTD weighted avg. shares

248.1

Net debt outstanding

$1,306

Current Yield

3.6%

Terminal redemption value of funds

$363



1

Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel

 

CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. Its primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.