TORONTO, March 3, 2014 /CNW/ - CI Financial Corp. ("CI") today reported
assets under management of $95.1 billion as of February 28, 2014, a new
record for CI.
CI's assets under management grew by $15.3 billion or 19.1% year over
year and were up $3.3 billion or 3.6% for the month of February. Total
assets were $123.2 billion at February 28, representing growth of $19.4
billion or 18.7% for the year and $4.2 billion or 3.5% in February. In
comparison, the S&P/TSX Composite Total Return Index gained 14.3% over
the year and 3.9% in February.
"February was exceptional for CI," said Stephen A. MacPhail, CI
President and Chief Executive Officer. "Our net sales outpaced every
February since 2000 and we achieved our best ever monthly asset growth,
at $3.3 billion, reflecting good investment performance by our
portfolio managers."
Recently, CI's investment performance was recognized at the 2013
FundGrade® A+ Awards, with CI receiving 21 awards - more than any other
fund company. The awards recognize investment funds with consistent,
outstanding risk-adjusted performance and are presented by Fundata
Canada Inc., a major provider of financial and market data.
CI's assets under management as of February 28, 2014 were up $6.6
billion or 7.4% from the average assets under management for the
quarter ended December 31, 2013, and up $11.8 billion or 14.1% over the
average for fiscal 2013.
CI also reported assets under administration at Assante Wealth
Management (Canada) Ltd. of $28.1 billion at February 28, 2014, an
increase of 17.1% 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.
CI FINANCIAL CORP.
February 28, 2014
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Feb. 28/14
(millions)
|
Jan. 31/14
(millions)
|
%
Change
|
Feb. 28/13
(millions)
|
%
Change
|
|
Assets under management
|
$95,113
|
$91,805
|
3.6%
|
$79,844
|
19.1%
|
|
Assets under administration*
|
28,087
|
27,195
|
3.3%
|
23,982
|
17.1%
|
|
TOTAL
|
$123,200
|
$119,000
|
3.5%
|
$103,826
|
18.7%
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Feb. 28/14
(millions)
|
Jan. 31/14
(millions)
|
%
Change
|
|
Monthly average
|
$93,006
|
$91,751
|
1.4%
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Feb. 28/14
(millions)
|
Ending Dec. 31/13
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$92,347
|
$88,558
|
4.3%
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Feb. 28/14
(millions)
|
Fiscal 2013
(millions)
|
%
Change
|
|
Fiscal year average
|
$92,347
|
$83,325
|
10.8%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
Total outstanding shares
QTD weighted avg. shares
Current Yield
Potential share dilution from options
All options % of shares
|
284,593,578
284,625,703
3.3%
1,058,837
2.0%
|
Debt outstanding
Net debt outstanding
Terminal redemption value of funds
|
$500
$364
$747
|
* Includes CI and United Financial funds administered by Assante
advisors.
|
ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
44%
|
Asia
|
4%
|
|
United States
|
27%
|
Other
|
5%
|
|
Europe
|
14%
|
Cash
|
6%
|
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 Corp.
(416) 364-1145