More Volatile Equity Markets and Rising Costs Leave CI Financial With Higher Hurdles in 2019
We've lowered our fair value estimate for narrow-moat CI Financial to CAD 24 per share from CAD 28 following mixed third-quarter results, and an extremely difficult start to the fourth quarter, from the Canadian asset management firm. CI Financial closed out the September quarter with CAD 136.5 billion in AUM, reflective of a 1.2% sequential decline, and a 12.2% year-over-year increase, in the company's fund assets. Excluding the acquisitions of Sentry Investments and BBS Securities, which close...CI Financial is a wealth management firm and an independent investment fund company. The principal business of Co. is the management, marketing, distribution and administration of mutual funds, segregated funds, exchange-traded funds, structured products and other investment products for investors. Co. has two main business segments: Asset Management, which is engaged in the management of families of mutual, segregated, pooled, exchangetraded, and closed-end funds, structured products and discretionary accounts; and Asset Administration, which is engaged in the sale of mutual funds and other financial products, and ongoing service to clients and capital market activities.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.