CI Financial reports sales and assets for July

CI Financial Income Fund today reported gross sales of $945 million and net sales of $257 million for July 2007.

For the year-to-date, CI had gross sales of $7.3 billion and net sales of $1.7 billion.

At July 31, 2007, CI had assets under management of $68.7 billion and total fee-earning assets of $97.2 billion, representing increases of 19% and 30%, respectively, over a year ago.

CI’s assets under management at July 31, 2007, consisted of investment fund assets at CI Investments Inc. and United Financial Corporation of $64.7 billion, structured products assets of $845 million and $3.2 billion of institutional assets at KSBH Capital Management Inc. CI also reported other assets of $28.5 billion, which includes $16.8 billion in assets under administration at Assante Wealth Management (Canada) Ltd. (net of assets under management at United Financial), assets under administration at Blackmont Capital Inc. of $9.9 billion, as well as institutional assets at Trilogy Global Advisors, LLC that generate fees for CI.