CI Global Asset Management, as well as Invesco Ltd, on June 1, 2026, announced a successful conclusion of the management agreements from CI GAM relating to acquisition of Canadian fund business of Invesco with aggregate total assets under management of roughly C$27 billion.
Effective June 1, 2026, CI GAM, post successful acquisition of Canadian fund business of Invesco, the Canadian asset management unit of CI Financial Corp., has assumed management of 98 mutual funds and exchange-traded funds that were previously offered by Invesco Canada Ltd. The transaction, which was announced on January 13, 2026, has increased CI GAM’s assets under management to approximately C$175 billion.
Invesco and CI GAM have also entered into a long-term strategic partnership whereby Invesco affiliates will continue to provide portfolio management services to 61 of the funds through a sub-advisory arrangement with total assets under management of approximately C$13 billion, providing securityholders in those funds with a consistent investment experience.
According to CI Chief Executive Officer Kurt MacAlpine, ” This transaction strengthens our position as a leader in the Canadian investment fund industry, significantly adding to our assets under management and broadening our capabilities, and we have enhanced our fund lineup with an extensive range of new strategies, including a robust ETF franchise – creating one of the industry’s most comprehensive and diverse product offerings. This acquisition demonstrates our deep commitment to investing in the development and growth of all aspects of our Canadian wealth and asset management operations. As CI GAM continues to scale, we are equipped with greater resources to deliver investment excellence and effective, high-quality services and solutions that meet the needs of Canadian advisors and investors.”
Says the Chief Executive Officer of Invesco Ltd, Andrew Schlossberg, “Invesco remains committed to serving Canadian investors with our wide range of global investment strategies, and we look forward to continued growth through our partnership with CI GAM, one of Canada’s leading wealth and investment managers. We also look forward to potentially jointly developing investment solutions for the Canadian wealth market in the future through our ongoing strategic relationship with CI GAM.”
Prior to the conclusion of the transaction, the securityholders of each relevant Invesco Canada investment fund endorsed the alteration of the manager for each such fund at the regular meetings held in April 2026.
As part of the shift in portfolio management, CI GAM will rename 37 funds under the aegis of the CI banner, taking effect on or about July 31, 2026. More information will be provided in an independent press release to be published later this week.