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On June 1, 2026, CI Global Asset Management (CI GAM) and Invesco Ltd. announced the completion of CI GAM's acquisition of the management agreements relating to Invesco's Canadian fund business with combined total assets under management of approximately $27 billion.
CI GAM, the Canadian asset management subsidiary of CI Financial Corp. (CI), has become manager of 98 mutual funds and exchange-traded funds previously offered by Invesco Canada Ltd. The transaction, which was first announced on Jan.13, 2026, has increased CI GAM's assets under management to approximately $175 billion.
Invesco and CI GAM have also formed a long-term strategic partnership under which Invesco affiliates continue to provide portfolio management services to 61 of the funds through a sub-advisory arrangement with total assets under management of approximately $13 billion, ensuring a consistent investment experience for securityholders in those funds.
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.
Parties
Company
CI Global Asset Management
Company
Invesco Ltd.
Deal Type
Merger & AcquisitionIndustry
Banking/FinanceTransaction
$ 27,000,000,000Deal Status
ClosedClosing Date
01 June 2026