CI Financial Reports Total Assets of $489.1 Billion for June 2024
All financial amounts in Canadian dollars unless stated otherwise.
PRELIMINARY MONTH-END ASSETS (C$ Billions) |
|||||
ENDING ASSETS |
June 2024 |
May 2024 |
% Change |
June 2023 |
% Change |
Asset management (1) |
|
|
0.5% |
|
6.3% |
|
|
|
1.7% |
|
15.8% |
|
|
|
2.5% |
|
220.8% |
|
|
|
1.7% |
|
20.7% |
TOTAL ASSETS |
|
|
1.4% |
|
19.9% |
|
|
|
|
|
|
|
|
|
1.4% |
|
16.8% |
ASSET MANAGEMENT – AVERAGE AUM |
June 2024 |
May 2024 |
March 2024 |
Fiscal 2023 |
% Change |
Monthly average |
|
|
- |
- |
0.7% |
Quarter-to-date average |
|
- |
|
- |
1.9% |
Year-to-date average |
|
- |
- |
|
4.9% |
PRELIMINARY QUARTER-END SALES RESULTS (C$ Billions) |
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Asset Management |
2Q24 |
1Q24 |
4Q23 |
3Q23 |
2Q23 |
Canadian retail |
|
|
|
|
- |
Canadian institutional |
|
|
- |
|
- |
Australian asset management |
|
|
|
|
|
Closed business |
|
|
|
|
|
Asset management segment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
PRELIMINARY ASSET MANAGEMENT SEGMENT |
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|
2Q24 |
1Q24 |
4Q23 |
3Q23 |
2Q23 |
Net management fees/average AUM (bps) |
80.4 |
81.0 |
81.2 |
83.8 |
84.6 |
-
Includes
$34.7 billion of assets managed by CI and held by clients of advisors with CI Assante Wealth Management,CI Private Counsel (CIPC) and Aligned Capital Partners as atJune 30, 2024 ($34.0 billion atMay 31, 2024 and$32.8 billion atJune 30 , 2023). -
Includes
$25.6 billion of assets advised by CI and held by clients of advisors with Assante, CIPC,CI Direct Investing and Aligned Capital as atJune 30, 2024 ($25.0 billion atMay 31, 2024 and$5.4 billion atJune 30, 2023 ). Prior toJuly 2023 , custody assets were historically not included as part of reported assets forCanada wealth management or consolidated total assets. -
Month-end USD/CAD exchange rates of 1.3680, 1.33629 and 1.3248 for
June 2024 ,May 2024 , andJune 2023 , respectively. -
Includes 100% of inflows from CI’s minority investments in
Columbia Pacific Advisors ,OCM Capital Partners ,The Cabana Group andGLASfunds Holdings .
About
-
Asset Management, which includes CI Global Asset Management, which operates in
Canada , andGSFM , which operates inAustralia . -
Canadian Wealth Management, which includes the operations of CI Assante Wealth Management,
Aligned Capital Partners , CI Private Wealth, Northwood Family Office,Coriel Capital ,CI Direct Investing and CI Investment Services . -
U.S. Wealth Management, which includes Corient Private Wealth, an integrated wealth management firm providing comprehensive solutions to ultra-high-net-worth and high-net-worth clients acrossthe United States .
CI is headquartered in
CI Global Asset Management is a registered business name of CI Investments Inc., a wholly owned subsidiary of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240717280818/en/
Investor Relations
Vice-President, Investor Relations & Strategy
416-681-8779
jweyeneth@ci.com
Media Relations
Vice-President, Corporate Communications
416-681-3254
moxby@ci.com
Managing Partner, StreetCred
610-304-4570
jimmy@streetcredpr.com
ci@streetcredpr.com
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