CI Financial reports assets under management
CI Financial reports assets under management
Canada NewsWire
TORONTO, April 1, 2016
TSX Symbol: CIX
TORONTO, April 1, 2016 /CNW/ - CI Financial Corp. ("CI") today reported assets under management at March 31, 2016 of $108.9 billion and total assets of $142.9 billion.
Assets under management gained $2.4 billion or 2.3% in the month of March and declined 0.2% year over year. Total assets were up $3.0 billion in March and were down 0.1% year over year. Meanwhile, the S&P/TSX Composite Index was up 5.3% in March and fell 6.6% over the 12-month period.
Average assets under management for the quarter were $107.5 billion, a decrease of 1.1% from the average for the fourth quarter of 2015 and a decrease of 0.8% from the average for fiscal year 2015.
CI reported assets under advisement at Assante Wealth Management (Canada) Ltd. and Stonegate Private Counsel of $34.0 billion at March 31, 2016, representing increases of 1.6% in March and 0.2% 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.
March 31, 2016
PRELIMINARY MONTH-END STATISTICS
|
|
ENDING ASSETS
|
Mar. 31/16
(millions)
|
Feb. 29/16
(millions)
|
%
Change
|
Mar. 31/15
(millions)
|
%
Change
|
|
Assets under management
|
$108,915
|
$106,486
|
2.3%
|
$109,137
|
-0.2%
|
|
Assets under advisement*
|
33,993
|
33,462
|
1.6%
|
33,939
|
0.2%
|
|
TOTAL
|
$142,908
|
$139,948
|
2.1%
|
$143,076
|
-0.1%
|
|
MONTHLY AVERAGE
ASSETS UNDER MANAGEMENT
|
Mar. 31/16
(millions)
|
Feb. 29/16
(millions)
|
%
Change
|
|
Monthly average
|
$108,570
|
$105,842
|
2.6%
|
|
FISCAL QUARTER AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Mar. 31/16
(millions)
|
Ending Dec. 31/15
(millions)
|
%
Change
|
|
Fiscal quarter average
|
$107,499
|
$108,688
|
-1.1%
|
|
FISCAL YEAR AVERAGE
ASSETS UNDER MANAGEMENT
|
Ending Mar. 31/16
(millions)
|
Fiscal 2015
(millions)
|
%
Change
|
|
Fiscal year average
|
$107,499
|
$108,384
|
-0.8%
|
|
EQUITY
|
FINANCIAL POSITION
(millions)
|
|
Total outstanding shares
|
273,853,707
|
Debt outstanding
|
$616
|
|
QTD weighted avg. shares
|
275,228,783
|
Net debt outstanding
|
$500
|
|
Current Yield
|
4.6%
|
|
|
|
Potential share dilution from options
|
184,488
|
Terminal redemption value of funds
|
$614
|
|
All options % of shares
|
3.4%
|
|
|
* Includes assets managed by CI and held by clients of advisors with Assante and Stonegate Private Counsel.
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ESTIMATED GEOGRAPHIC EXPOSURE OF AUM
|
|
Canada
|
37%
|
Asia
|
5%
|
|
United States
|
34%
|
Other
|
4%
|
|
Europe
|
13%
|
Cash
|
7%
|
CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company. Its primary operating businesses are CI Investments Inc., one of Canada's largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, and First Asset Capital Corp., a leader in providing actively managed exchange-traded funds to the Canadian marketplace. CI is on the Web at www.cifinancial.com.
SOURCE CI Financial Corp.
Stephen A. MacPhail, Chief Executive Officer, CI Financial Corp., (416) 364-1145Copyright CNW Group 2016