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Mutual Fund News

CI Fund's assets rise 3.4% in February

CI Fund Management Inc. reported total fee-earning assets in February of $62-billion, up $2-billion or 3.4 per cent from January. Last month, the combined net sales of CI's operations were $514-million. The Toronto-based mutual fund company said it had total managed assets in February of $49.5-billion and administered assets of $12.5-billion. Managed assets include investment fund assets at subsidiaries CI Mutual Funds Inc. and Assante Corp. of $43.3-billion, labour-sponsored funds of $181- million, structured products of $1.1-billion and institutional accounts of $5-billion. Administered assets include $11.8-billion in assets at Assante.

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