CI Financial reports assets under management

TSX Symbol: CIX

TORONTO, Sept. 3, 2013 /CNW/ - CI Financial Corp. ("CI") today reported assets under management of $83.8 billion as of August 31, 2013, a new month-end record. Total assets were $108.8 billion.

CI's assets under management grew by $11.5 billion or 15.8% year over year, and were up 0.1% for the month of August 2013. In comparison, the S&P/TSX Composite Total Return Index was up 9.3% over the 12-month period and 1.5% in August.

CI's assets under management at August 31, 2013 of $83.8 billion represented an increase of $2.1 billion or 2.6% over the average assets under management for the second quarter of 2013 and an increase of $11.2 billion or 15.4% over the average for fiscal year 2012.

"CI has continued to post strong sales through the summer, thanks to good fund performance and a diverse and appealing product lineup," said Stephen A. MacPhail, President and Chief Executive Officer. "CI is extremely well positioned to compete as we enter the fall season, with products that include the new and innovative G5|20 Series, designed for the retirement market."

CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $25.0 billion at August 31, 2013, an increase of 12.7% year over year.

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.

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

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.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Except as described below, mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Bank of Montreal guarantees that, following the five-year Accumulation Phase of the G5|20 fund, an amount equal to the greater of the net asset value per unit or the original amount you paid for the unit will be paid back to you over a 20-year period in equal monthly instalments. This guarantee does not apply to units redeemed before the end of that period. You will receive the net asset value per unit for any unit redeemed early. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

SOURCE: CI Investments Inc.