CI Global Asset Management (CI GAM) and Invesco announced the completion of CI GAM’s acquisition of the management agreements relating to Invesco’s Canadian fund business, adding approximately C$27 billion in assets under management and significantly expanding CI GAM’s presence in the Canadian investment fund market.
Effective June 1, 2026, CI GAM, the Canadian asset management subsidiary of CI Financial Corp., became the manager of 98 mutual funds and exchange-traded funds previously offered by Invesco Canada. The transaction, which was originally announced on January 13, 2026, increases CI GAM’s total assets under management to approximately C$175 billion.
As part of the transaction, Invesco and CI GAM established a long-term strategic partnership. Under the arrangement, Invesco affiliates will continue providing portfolio management services to 61 funds through a sub-advisory agreement covering approximately C$13 billion in assets under management, helping maintain continuity for investors.
According to the companies, the acquisition expands CI GAM’s product lineup with a broader range of investment strategies, including a larger exchange-traded fund platform. The company said the deal strengthens its position in the Canadian investment fund industry while enhancing its ability to serve advisors and investors through increased scale and resources.
The transaction received approval from securityholders of the applicable Invesco Canada investment funds during meetings held in April 2026.
Following the acquisition, CI GAM plans to rebrand 37 funds under the CI banner on or about July 31, 2026. Additional details regarding the rebranding initiative are expected to be released separately.
Morgan Stanley & Co. LLC served as financial advisor to Invesco, while Borden Ladner Gervais LLP acted as legal advisor. Jefferies Securities Inc. advised CI GAM financially, and Stikeman Elliott LLP served as legal counsel.
KEY QUOTES:
“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. 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.”
Kurt MacAlpine, Chief Executive Officer, CI Financial
“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.”
Andrew Schlossberg, Chief Executive Officer, Invesco Ltd.