On January 13, 2026, CI Global Asset Management announced that it will acquire the management agreements for Invesco Ltd.'s Canadian fund business, which has approximately C$26 billion in assets under management. Financial terms were not disclosed.

The deal gives CI GAM management of 100 mutual funds and exchange-traded funds currently run by Invesco Canada Ltd. Under a separate agreement, Invesco will continue managing 63 of those funds as a sub-advisor, representing approximately C$13 billion in assets.

The acquisition will bring CI GAM's total assets under management to approximately C$170 billion. CI Chief Executive Officer Kurt MacAlpine said the transaction reflects the firm's focus on its Canadian operations and the advantages of operating as a private company. Invesco Chief Executive Officer Andrew Schlossberg said the arrangement allows the firm to continue serving Canadian clients while partnering with a larger domestic manager.

The deal is expected to close in the second quarter of 2026, pending regulatory approval and securityholder votes on the management changes.

Stikeman Elliott LLP is legal advisor to CI GAM, with Jefferies Securities Inc. as financial advisor. Borden Ladner Gervais LLP is legal advisor to Invesco, with Morgan Stanley & Co. LLC as financial advisor.