CI Investments

What CI Investments does

CI Investments Inc., operating as CI Global Asset Management (CI GAM), is one of Canada's largest investment management companies and a wholly-owned subsidiary of publicly traded CI Financial Corp. (TSX: CIX). Founded in 1965 and headquartered at 15 York Street in Toronto, CI GAM operates with 100+ investment professionals managing a multi-vehicle product platform that includes mutual funds, exchange-traded funds, liquid alternatives, private pools, segregated funds, managed solutions, and institutional mandates. The firm serves retail investors primarily through the Canadian financial-advisor channel, institutional clients through a dedicated institutional asset management division, and advisors via the AdvisorOnline portal and InvestorOnline for direct retail account access.

The company's go-to-market is sales-led and advisor-distributed, with revenue generated through recurring management fees on assets under management across multiple fund series and vehicle types. CI GAM manages approximately $23 billion in ETF AUM as of December 31, 2025, and the broader fund complex spans asset allocation, Canadian and U.S. equity, international and global equity, small-mid cap equity, sector equity, fixed income, multi-asset, and alternatives strategies. Distribution and capability breadth are reinforced by an extensive strategic-partner network — including Invesco, Forge First, Auspice, Galaxy Digital, Marret, Black Creek, PICTON, Altrinsic, Munro, and DoubleLine — providing white-label and sub-advisory access to specialized strategies.

The business is in an active consolidation and product-expansion phase. In December 2025, CI GAM completed the acquisition of Forge First Asset Management to deepen its alternatives lineup, and in January 2026 it signed a definitive agreement to acquire Invesco Canada's retail mutual funds and ETFs business, bringing approximately C$26 billion in additional AUM under management agreements and long-term sub-advisory arrangements. In February 2026, CI GAM launched two new asset allocation ETFs (CBAP and CEQP) on the TSX with a 0% management fee promotional offer through June 30, 2026. The firm has been recognized with 27 FundGrade A+ Awards for 2025 and 15 LSEG Lipper Fund Awards for the third consecutive year, the most individual awards received by any company in the Canadian fund industry.

Name

CI Investments

Legal name

CI Investments Inc.

Website

https://ci.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

1–10 employees

Short description

CI Investments, operating as CI Global Asset Management, is one of Canada's largest investment management firms, offering mutual funds, ETFs, alternatives, and managed solutions to retail investors, financial advisors, and institutional clients across Canada.

Ownership category

akta.pro rank

Product category

Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

ESG Integration / Responsible Investment Funds (Broad ESG) (FSANAJAL)

akta.pro secondary industries

Sustainable/ESG Equity (Active) (FSAAAIAM), Index Mutual Funds (Non-ETF) (FSAAAEAE)

Keywords

• Investment management
• Mutual funds
• Exchange-traded funds
• Asset management
• Alternative investments

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Mutual Fund Management: Management fees charged on mutual fund assets under management across multiple fund series and classes
2. ETF Management: Management fees on exchange-traded fund assets. CI GAM manages approximately $23 billion in ETF assets as of December 31, 2025
3. Alternative Investments: Fees from liquid alternative investments, private market investments, and digital asset products

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

CI Global Asset Management (CI GAM) manages and distributes investment funds across traditional and alternative strategies through multiple vehicles, including mutual funds, exchange-traded funds, managed solutions, private pools, segregated funds, and institutional mandates. The firm serves individual investors via financial advisors and provides institutional asset management mandates, with expertise spanning Canadian and U.S. equities, international and global equities, small-mid cap, sector, fixed income, asset allocation, multi-asset, liquid alternatives, private markets, digital assets, and ESG strategies.

Product overview

CI Global Asset Management operates as one of Canada's largest investment management companies with a modern, multi-platform approach offering traditional and alternative investment strategies. The core product lineup includes Mutual Funds and Exchange-Traded Funds (ETFs) as primary vehicles, supplemented by Liquid Alternatives, Private Market Investments, Digital Assets (cryptocurrency), Tax-Efficient Solutions, ESG Solutions, Managed Solutions, Private Pools, High Net Worth Solutions, and Segregated Funds. Recent additions include the February 2026 launches of CI Balanced+ Asset Allocation ETF Fund (CBAP) and CI Equity+ Asset Allocation ETF Fund (CEQP) featuring 0% management fees until June 30, 2026. The company delivers investment capabilities through multiple channels including Canadian & U.S. Equity, International & Global Equity, Small-Mid Cap Equity, Sector Equity, Fixed Income, Asset Allocation, and Multi-Asset strategies. Distribution occurs through advisor platforms (AdvisorOnline portal) and direct investor access (InvestorOnline portal), with approximately $23 billion in ETF assets under management as of December 31, 2025.

Differentiator

Problem solved

Functional benefit

Brands

• CI GAM ETFs: Exchange-traded funds offered by CI Global Asset Management
• CI Global Income & Growth Fund
• CI Balanced+ Asset Allocation ETF Fund
• CI Equity+ Asset Allocation ETF Fund

Products and services

• Mutual Funds A broad range of traditional and alternative investment mutual funds available in multiple series and currency options for retail and institutional investors across Canada.
• Exchange-Traded Funds (ETFs) Canadian-listed ETFs offering exposure to various asset classes including equities, fixed income, and multi-asset strategies, with approximately $23 billion in ETF assets under management as of December 31, 2025.
• CI Balanced+ Asset Allocation ETF Fund (TSX: CBAP) Asset allocation ETF combining equity and fixed income exposure with gold allocations, launched February 2026 with a promotional 0% management fee until June 30, 2026.
• CI Equity+ Asset Allocation ETF Fund (TSX: CEQP) Asset allocation ETF providing equity-focused exposure combined with fixed income and gold allocations, launched February 2026 with a promotional 0% management fee until June 30, 2026.
• CI Global Income & Growth Fund Featured flagship global income and growth fund combining dividend-paying equities with fixed income for balanced income and growth.
• Liquid Alternatives Alternative investment strategies providing liquidity similar to traditional funds, including hedge fund-style strategies accessible to a broader investor base.
• Private Market Investments Access to private equity, private credit, and other private market opportunities for qualified investors seeking alternatives to public markets.
• Digital Assets Investment solutions providing exposure to cryptocurrency and digital asset markets for investors seeking exposure to this emerging asset class.
• Segregated Funds Contract-based insurance investment products providing growth potential with estate and creditor protection benefits.
• Private Pools Pooled investment vehicles designed for accredited investors seeking access to specialized investment strategies with reduced regulatory requirements.
• Managed Solutions Professionally managed investment portfolios offering model-based or discretionary management for advisors and their clients.
• High Net Worth Solutions Specialized investment programs and concierge services tailored for high-net-worth individuals and families.

Quantifiable outcome

• One of Canada's largest ETF providers with $23 billion in ETF assets under management
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• InvescocoreChannel Partner/ Reseller/ Distributor · 13 January 2026CI Global Asset Management became the manager of Invesco Canada's retail mutual funds and exchange-traded funds through acquisition. CI Investments Inc. acquired the management agreements related to Invesco's Canadian fund business. Combined AUM of approximately $26 billion. CI GAM will also provide sub-advisory services for certain funds.
• Forge First Asset ManagementcoreStrategic or Co-development Partner · 9 September 2025CI GAM acquired Forge First Asset Management Inc., expanding its lineup of alternative investments. Forge First continues its current operations and fund strategies while benefiting from CI GAM's distribution, marketing, and research capabilities.
• InvescominorStrategic or Co-development PartnerStrategic partnership under CI GAM's strategic partnerships section, with Invesco continuing as sub-advisor for certain Canadian-listed ETFs following the acquisition.
• Auspice Capital AdvisorsminorStrategic or Co-development PartnerStrategic partnership for alternative investment strategies
• Galaxy Digital Capital Management LPminorStrategic or Co-development PartnerStrategic partnership for digital asset investment strategies
• Marret Asset ManagementminorStrategic or Co-development PartnerMarret is now part of CI GAM, offering fixed income and alternative credit strategies
• Black Creek Investment ManagementminorStrategic or Co-development PartnerStrategic partnership for investment management services
• Picton InvestmentsminorStrategic or Co-development PartnerStrategic partnership for alternative investments
• Altrinsic Global AdvisorsminorStrategic or Co-development PartnerStrategic partnership for global equity strategies
• Munro PartnersminorStrategic or Co-development PartnerStrategic partnership for global equity investment strategies
• DoubleLineminorStrategic or Co-development PartnerStrategic partnership for fixed income strategies

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Mackenzie Investments: Mackenzie is one of Canada's largest asset managers offering mutual funds, ETFs, and alternative strategies through advisor and institutional channels — directly comparable to CI GAM in product breadth, distribution model, and target market.
• Fidelity Canada: Fidelity Canada offers a comparable suite of mutual funds, ETFs, and institutional products through Canadian financial advisors — competing head-to-head with CI GAM for advisor wallet share and retail investor flows.
• BMO Global Asset Management: BMO GAM is a major Canadian asset manager with strong ETF (BMO ETF) and mutual fund franchises distributed through bank-owned advisors — a direct competitor in product and channel structure.
• RBC Global Asset Management: RBC GAM is one of the largest Canadian asset managers offering mutual funds, ETFs (RBC iShares), and institutional mandates — directly comparable scale and product breadth, with the additional backing of RBC distribution.
• Manulife Investment Management: Manulife IM offers mutual funds, ETFs, segregated funds, and institutional asset management in Canada with a similar multi-channel distribution model — a large incumbent peer with comparable product breadth.
• AGF Management: AGF is a Canadian-focused asset manager offering mutual funds, ETFs, and institutional strategies — a smaller but directly comparable peer competing for advisor distribution and retail flows.

Broad incumbents

• Vanguard Canada: Vanguard is a global low-cost ETF and mutual fund leader whose Canadian operations compete directly with CI GAM in the passive/ETF segment — a broad incumbent driving the fee compression that pressures the entire Canadian market.
• iShares by BlackRock (Canada): iShares is the largest ETF franchise globally with significant Canadian presence — competing with CI GAM's $23B ETF book across virtually every asset class and segment.

Emerging players

• Purpose Investments: Purpose is a fast-growing Canadian asset manager known for innovation in crypto, covered-call, and yield ETFs — an emerging player whose product innovation overlaps with CI GAM's liquid alternatives and digital asset strategies.
• Evolve Funds Group: Evolve is a Canadian ETF issuer specializing in thematic, innovation, and digital asset funds — an emerging player competing in the same modern, alternative, and crypto-adjacent product categories that CI GAM is prioritizing.

Market position

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ci-investments-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CI Investments