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Share Name | Share Symbol | Market | Type |
---|---|---|---|
CI Financial Corporation | NYSE:CIXX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.42 | 0 | 01:00:00 |
Positive Canadian asset management flows for the quarter with $600 million in Canadian retail
All financial amounts in Canadian dollars unless stated otherwise.
CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary total assets of $338.1 billion as at September 30, 2022, consisting of asset management assets of $114.2 billion, Canadian wealth management assets of $74.0 billion, and U.S. wealth management assets of $149.9 billion.
CI also reported preliminary net sales results for its asset management businesses for the third quarter of 2022. Overall, CI had net sales of $0.2 billion, driven by Canadian retail with net sales of $0.6 billion.
CI FINANCIAL CORP.
September 30, 2022
PRELIMINARY MONTH-END ASSETS (C$ Billions)
ENDING ASSETS
September
2022
August
2022
% Change
September
2021
% Change
Asset management (1)
$114.2
$119.0
-4.0%
$139.4
-18.1%
Canada wealth management
$74.0
$76.5
-3.3%
$76.9
-3.8%
U.S. wealth management (2)
$149.9
$150.4
-0.3%
$97.0
54.5%
TOTAL ASSETS
$338.1
$345.9
-2.3%
$313.2
8.0%
AVERAGE AUM
September
2022
August
2022
June
2022
Fiscal 2021
% Change
Monthly average
$117.4
$121.9
-
-
-3.7%
Quarter-to-date average
$119.1
-
$125.4
-
-5.0%
Year-to-date average
$127.5
-
-
$137.9
-7.5%
PRELIMINARY QUARTER-END NET SALES RESULTS (C$ billions)
Asset Management Segment
3Q22
2Q22
1Q22
4Q21
3Q21
Canadian retail
$0.6
($0.4)
($0.9)
$0.1
$0.7
Canadian institutional
($0.0)
($3.2)
($0.3)
($0.3)
($0.1)
Australian asset management
($0.4)
($0.1)
($0.3)
$0.1
$0.2
U.S. asset management
$0.1
($0.2)
$0.4
$0.3
$0.2
Closed business
($0.1)
($0.2)
($0.2)
($0.2)
($0.1)
TOTAL
$0.2
($4.1)
($1.2)
($0.0)
$0.8
About CI Financial
CI Financial Corp. is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite.
CI operates in three segments:
CI is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: CIX) and the New York Stock Exchange (NYSE: CIXX). To learn more, visit CI’s website or LinkedIn page.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of CI Financial Corp.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221017005310/en/
Investor Relations Jason Weyeneth, CFA Vice-President, Investor Relations & Strategy 416-681-8779 jweyeneth@ci.com
Media Relations Canada Murray Oxby Vice-President, Corporate Communications 416-681-3254 moxby@ci.com
United States Jimmy Moock Managing Partner, StreetCred 610-304-4570 jimmy@streetcredpr.com ci@streetcredpr.com
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