Get ready for a game-changer in the world of Canadian investment funds! CI Global Asset Management (CI GAM) is about to acquire Invesco's Canadian fund assets and form a long-term strategic partnership, creating a powerhouse in the industry.
CI GAM, a subsidiary of CI Financial Corp., has entered into an agreement to manage Invesco's Canadian fund business, which boasts a whopping C$26 billion in assets under management. But here's where it gets interesting: CI GAM will become the manager of 100 mutual funds and exchange-traded funds (ETFs) currently offered by Invesco Canada Ltd. Additionally, Invesco and CI GAM will partner up, with Invesco affiliates continuing to provide portfolio management services for 63 funds, bringing an additional C$13 billion in assets under management to the table.
This move will significantly boost CI GAM's assets under management, reaching approximately C$170 billion. Kurt MacAlpine, CI's Chief Executive Officer, emphasized the impact of this acquisition, stating, "This will solidify our position as one of Canada's largest investment fund companies and set the stage for continued growth."
Invesco, a leading global asset manager, is known for its diverse range of investment capabilities and its status as the fourth-largest ETF provider worldwide. Andrew Schlossberg, Chief Executive Officer of Invesco Ltd., expressed excitement about the partnership, highlighting the growth opportunity in the Canadian market and their commitment to supporting Canadian clients through a wide range of global investment strategies.
Marc-André Lewis, President and Chief Investment Officer of CI GAM, emphasized the benefits of the acquisition, stating, "The addition of Invesco Canada funds will enhance our product lineup, offering new strategies and capabilities. Invesco Canada has a robust lineup of high-quality mutual funds and ETFs across various asset classes, including innovative alternatives. Their ETF business brings unique, factor-based solutions to the Canadian market."
Furthermore, the strategic partnership with Invesco ensures a continuous relationship with one of the world's largest asset managers, providing continuity for select funds and the expertise of Invesco's global investment team. Mr. Lewis added, "This transaction builds on our success in modernizing CI GAM into a scalable, institutional-grade investment platform. As we grow, CI GAM will have the resources to offer advisors and their clients excellence in portfolio management, a comprehensive range of investment solutions, and exceptional service."
The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals and other customary closing conditions. Securityholders of the applicable Invesco Canada investment funds will have a say in the change of management, and any fund not obtaining the required approval will be excluded from the transaction.
Morgan Stanley & Co. LLC and Jefferies Securities Inc. are acting as financial advisors, while Borden Ladner Gervais LLP and Stikeman Elliott LLP are providing legal advice to Invesco and CI GAM, respectively.
Invesco Ltd. is a global leader in asset management, serving clients in over 120 countries with US$2.1 trillion in assets under management as of September 30, 2025. CI GAM, on the other hand, is one of Canada's top investment management firms, offering a comprehensive suite of solutions to help Canadians achieve their financial goals. Founded in 1965, CI GAM has a legacy of innovation, disciplined portfolio management, and a commitment to investor success.
This press release contains forward-looking statements and information, which are based on opinions, estimates, and assumptions in light of management's experience and perception of historical trends. Despite a careful process, there can be no assurance that these statements will prove accurate, and actual results may differ materially. Factors that could impact the outcome include regulatory approvals, market conditions, and other risks described in CI and Invesco's disclosure materials.
Commissions, trailing commissions, management fees, and expenses may be associated with investments in mutual funds and ETFs. Investors should read the simplified prospectus and the respective prospectus for mutual funds and ETFs before investing. These investments are not guaranteed, and their values can fluctuate. Investors may pay brokerage fees when buying or selling ETF units on recognized Canadian exchanges, and the current net asset value may be higher or lower than the purchase or sale price.
This communication is for informational purposes only and does not constitute investment, tax, legal, or accounting advice. Every effort has been made to ensure accuracy, but individuals should seek professional advice as needed. These investments may not be suitable for all investors, and investors should consult their advisors before making any changes to their investment strategies.
CI Global Asset Management is a registered business name of CI Investments Inc. ©CI Investments Inc. 2026. All rights reserved.
For more information and media inquiries, please contact:
Invesco:
Investor Relations: Greg Ketron +1-404-724-4299; Jennifer Church +1-404-439-3428
Media Relations: Andrea Raphael +1-929-729-3843; [emailprotected]
CI Global Asset Management:
Murray Oxby
Vice-President, Corporate Communications
416-681-3254
[emailprotected]
