CI FINANCIAL CORP (OTCMKTS:CIFAF) Reports Record Assets Under Management

On November 1, 2013, CI Financial Corp. (OTCMKTS:CIFAF) reported $88.5 billion of its assets under management and also $114.7 billion of total assets as of October 31, 2013, both the above figure signifies new month-end records.

The company’s assets under management increased by $14.2 billion or 19.2% year over year and also for the month of October 2013, it was up by $2.9 billion or 3.4%.  Compared to the S&P/TSX Composite Total Return Index increased by 11% over the period of 12 months, while in October it was increased by 4.7%.

“It was a great month for CI’s fund investors as our equity funds posted strong performance,” said Stephen A. MacPhail, CI President and Chief Executive Officer. “CI had one of its best growth months ever in October, reflecting the continued strength in our business and driving our assets to record levels.”

As of October 31, 2013, the company’s assets under management were increased by $4.3 billion or 5.2% as compared to the average assets under management for the quarter ended September 30, 2013 and also it was increased by $15.9 billion or 21.8% over the average for financial year 2012.

At Assante Wealth Management (Canada) Ltd., on October 31, 2013, the company reported assets under administration for an amount of $26.3 billion, which indicates an increase of 15.6% year over year.

Further, on Thursday, November 7, 2013, the company has programmed to release its financial results for the period ended on September 30, 2013.

About The Company:

It is a diversified wealth management firm and also Canada’s one of the largest investment fund company. The company is committed to provide investors with a complete and advanced selection of top-quality investment products and services.

Since 1965, it has constantly, responded to the changing needs of investors of Canada. Beginning with its skill in the field of international mutual fund, it has progressively improved its lineup.

Leave a Reply

Your email address will not be published. Required fields are marked *

*