CI Financial Income Fund reported assets under management of $69 billion and fee-earning assets of $98.6 billion at April 30. During the month, CI had gross sales of $856 million and net sales of $134 million.

CI’s asset levels represent a new record for the company. CI’s AUM at April 30 were up $4.4 billion, or 6.8%, over the month and up $10.5 billion, or 17.9%, over a year ago. Fee-earning assets increased $14.2 billion, or 16.9%, over the month and $22.4 billion, or 29.5%, over the year.

AUM at April 30 consisted of investment fund assets at CI Investments Inc. and United Financial Corp. of $64.4 billion and other AUM of $4.6 billion, which includes CI’s structured products and assets at KBSH Capital Management Inc. and Lakeview Asset Management Inc. (CI acquired both companies along with Blackmont Capital Inc. when it acquired Rockwater Capital Corp.)

CI’s administered/other assets of $29.7 billion included $17.9 billion in assets under administration at Assante Wealth Management (Canada) Ltd. and IQON Financial Inc. (net of AUM at United Financial), assets under administration at Blackmont of $9.8 billion, as well as institutional assets at Trilogy Global Advisors, LLC that generate fees for CI.

During April, CI Investments had gross sales of $710 million and net sales of $140 million, comprised of $131 million in net sales of long-term funds and $9 million of money market funds. United Financial had gross sales of $146 million and net sales of $15 million. The $21 million in redemptions in structured products were a result of the scheduled termination of Skylon Capital Yield Trust. For the year-to-date, CI had gross sales of $4.4 billion and net sales of $1.0 billion.

Also in April, CI Investments and Sun Life Financial Inc. launched SunWise Elite Plus, which allows investors to guarantee their retirement income through an optional Guaranteed Minimum Withdrawal Benefit rider. The GMWB and other enhancements to CI’s SunWise Elite Segregated Funds were announced April 16. SunWise Elite Plus is expected to make an important contribution to CI’s sales.