CI Financial Income Fund today reported net sales of $170 million in April 2008, and assets under management of $68.1 billion and total fee-earning assets of $102.4 billion as of April 30.

CI says the month was marked by solid asset growth, as retail assets under management grew by $2.3 billion or 3.6% to $65.1 billion. This level represents an increase of $975 million or 1.5% from December 31, 2007, and a gain of 5.4% or $3.3 billion over the average retail assets under management for the first quarter of 2008.

In April, CI subsidiaries CI Investments Inc. and United Financial Corp. had combined gross retail sales of $913 million and net sales of $170 million, consisting of $148 million in long-term funds and $22 million in money market funds. Over the last three months, CI has posted gross sales of $3.3 billion and net sales of $1.1 billion.

“The outlook today is much more positive, with central banks having made significant interest rate reductions in recent months and credit markets stabilizing,” says Stephen MacPhail, CI President.

CI’s assets under management at April 30, 2008 consisted of investment funds at CI Investments and United Financial of $64.6 billion, institutional assets at KBSH Capital Management Inc. of $2.9 billion and structured product assets of $550 million. CI also reported assets under administration of $32.8 billion, which consisted of $23.5 billion in assets under administration at Assante Wealth Management (Canada) Ltd. and $9.3 billion in assets under administration at Blackmont Capital Inc.