TSX Symbol: CIX
TORONTO, Jan. 5, 2015 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at December 31, 2014 of $102.9 billion, and total assets of $132.6 billion.
Assets under management grew by $11.8 billion or 12.9% year over year and were down 0.3% in the month of December. Total assets gained $14.6 billion or 12.3% for the year. In comparison, the S&P/TSX Composite Index was up 10.5% in 2014 and down 0.4% in the month of December.
Average assets under management for fiscal 2014 were $98.4 billion, up $15.1 billion or 18.1% over fiscal 2013.
CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $29.7 billion at December 31, 2014, an increase of 10.3% 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.
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CI FINANCIAL CORP.
December 31, 2014
PRELIMINARY MONTH-END STATISTICS
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ENDING ASSETS
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Dec. 31/14
(millions)
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Nov. 30/14
(millions)
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%
Change
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Dec. 31/13
(millions)
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%
Change
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Assets under management
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$102,886
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$103,152
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-0.3%
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$91,090
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12.9%
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Assets under administration*
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29,741
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29,827
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-0.3%
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26,960
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10.3%
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TOTAL
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$132,627
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$132,979
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-0.3%
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$118,050
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12.3%
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MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
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Dec. 31/14
(millions)
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Nov. 30/14
(millions)
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%
Change
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Monthly average
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$102,055
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$102,241
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-0.2%
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FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
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Ending Dec. 31/14
(millions)
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Ending Sept. 30/14
(millions)
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%
Change
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Fiscal quarter average
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$101,120
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$101,016
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0.1%
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FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
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Ending Dec. 31/14
(millions)
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Fiscal 2013
(millions)
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%
Change
|
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Fiscal year average
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$98,408
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$83,325
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18.1%
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EQUITY
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FINANCIAL POSITION
(millions)
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Total outstanding shares
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281,708,663
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Debt outstanding
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$308
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QTD weighted average shares
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282,056,756
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Net debt outstanding
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$188
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Current yield
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3.9%
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Potential share dilution from options
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796,056
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Terminal redemption value of funds
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$728
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All options % of shares
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2.0%
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* Includes CI and United Financial funds administered by Assante advisors.
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ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
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Canada
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39%
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Asia
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4%
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United States
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31%
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Other
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4%
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Europe
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14%
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Cash
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8%
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CI Financial Corp. (TSX: CIX) is an independent, COanadian-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) 364-1145Copyright CNW Group 2015