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CI Global Asset Management to Acquire Invesco's Canadian Investment Fund Assets and Form Long-Term Strategic Partnership

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CITSE: CIXCITIAMTD
High Materiality8/10

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TORONTO and ATLANTA, Jan. 13, 2026 /PRNewswire/ -- CI Global Asset Management ("CI GAM") and Invesco...

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AI Summary

CI GAM will acquire Invesco's Canadian fund management agreements. The deal amounts to C$26 billion in assets under management. CI GAM becomes manager of 100 funds, maintaining a sub-advisory for 63 funds. Expected closing of the deal in Q2 2026, pending approvals. The transaction solidifies CI GAM's growth and product lineup expansion.

Sentiment Rationale

The acquisition enhances CI GAM's market position in Canada, reflecting potential for growth. Similar past acquisitions have positively influenced stock prices of acquiring firms.

Trading Thesis

The strategic partnership and growth expansion may take time to reflect in operational performance. Historically, long-term integrations have led to significant value creation post-deal.

Market-Moving

  • CI GAM will acquire Invesco's Canadian fund management agreements.
  • The deal amounts to C$26 billion in assets under management.
  • CI GAM becomes manager of 100 funds, maintaining a sub-advisory for 63 funds.

Key Facts

  • CI GAM will acquire Invesco's Canadian fund management agreements.
  • The deal amounts to C$26 billion in assets under management.
  • CI GAM becomes manager of 100 funds, maintaining a sub-advisory for 63 funds.
  • Expected closing of the deal in Q2 2026, pending approvals.
  • The transaction solidifies CI GAM's growth and product lineup expansion.

Companies Mentioned

  • CI (CI)
  • TSE: CIX (TSE: CIX)
  • CITI (CITI)
  • AMTD (AMTD)

M&A

The article details a significant acquisition which directly affects Invesco's Canadian operations. The strategic partnership further solidifies Invesco's growth which could lead to a boost in its stock price.

CI Global Asset Management to Acquire Invesco's Canadian Fund Assets

CI Global Asset Management ("CI GAM") has entered into a significant agreement with Invesco Ltd. (NYSE: IVZ) to acquire the management agreements of Invesco's Canadian fund business, which has approximately C$26 billion in total assets under management. This strategic move is set to position CI GAM as one of Canada’s leading investment firms and facilitate future growth within the investment management sector.

Details of the Acquisition

As per the terms of the agreement, CI GAM will assume management of 100 mutual funds and exchange-traded funds previously managed by Invesco Canada Ltd. Additionally, the deal establishes a long-term strategic partnership, whereby Invesco affiliates will continue providing portfolio management services to 63 funds under a sub-advisory arrangement, totaling an additional C$13 billion in assets under management.

Implications for CI GAM

The acquisition will expand CI GAM's total assets under management to approximately C$170 billion. Kurt MacAlpine, CEO of CI, emphasized the significance of this move, stating, “This acquisition will cement our ranking as one of the largest investment fund companies in Canada, positioning the firm for continued growth.” This investment reflects CI Financial's commitment to enhancing its Canadian operations while leveraging its status as a private entity to unlock new value opportunities.

Invesco’s Role and Strategic Partnership

Invesco Ltd., a recognized leader in global asset management and the fourth-largest ETF provider worldwide, brought this opportunity to the forefront. CEO Andrew Schlossberg noted, “We are excited to partner with CI GAM to continue serving Canadian investors while accessing the vast distribution and operational capabilities of one of Canada’s leading investment managers.” This partnership aims to combine strengths and enhance the service offerings available to Canadian clients.

Product Line Expansion

Marc-André Lewis, President and Chief Investment Officer at CI GAM, shared insights on the benefits of this transaction: “The addition of the Invesco Canada funds will extend and enhance our product lineup, introducing significant new strategies and capabilities.” The expanded offering will include traditional asset classes and alternative investments, enhancing CI GAM's market presence.

This strategic partnership will not only provide continuity for select funds but will also benefit from the expertise of Invesco's global investment team.

Transaction Timeline and Regulatory Approvals

The transaction is expected to close in the second quarter of 2026, pending customary closing conditions, including regulatory approval. Invesco Canada investment fund securityholders will need to approve the change of manager for their respective funds, ensuring that all stakeholders are aligned with the transition.

Advisors and Legal Counsel

Morgan Stanley & Co. LLC is serving as the financial advisor for Invesco, while Borden Ladner Gervais LLP provides legal advice. CI GAM is being advised by Jefferies Securities Inc. and Stikeman Elliott LLP.

About CI Global Asset Management and Invesco Ltd.

CI Global Asset Management is a key player in Canada's investment management landscape, delivering a wide range of financial solutions to help investors achieve their goals. Founded in 1965, CI GAM is known for its innovative approaches and disciplined portfolio management.

Invesco Ltd. operates globally, managing over US$2.1 trillion in assets as of September 30, 2025, and is dedicated to facilitating investment success for clients across various sectors.

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