CI Financial Corp. (TSX:CIX) recorded net sales of $46 million for October, up from September’s $32 million, the asset management company said Tuesday.
Total assets under management at October 31, 2010 were $68.2 billion, an increase of 2.2% over the month.
Sales consisted of $40 million in net sales of long-term funds and $6 million of net sales of money market funds. Year-to-date, CI had net sales of $1.3 billion.
Total fee-earning assets at October 31, were $90.9 billion, an increase of 2.1% during the month. Assets under management consisted of retail investment funds of $67.2 billion and pooled assets of $1.1 billion. CI also reported assets under administration at Assante Wealth Management (Canada) Ltd. of $22.1 billion, and other fee-earning assets of $604 million.
CI will report its results for the third quarter on November 9.
IE
CI Financial net sales climb to $46 million in October
IE Staff