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CI Global to Manage $34 Billion in Invesco Canada Funds

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  Published in Business and Finance on Wednesday, January 14th 2026 at 0:23 GMT by The Globe and Mail

Toronto, ON - Wednesday, January 14th, 2026 - The Canadian asset management sector is experiencing a significant realignment as CI Global Asset Management Inc. is poised to become the manager of the Invesco Canada family of funds. This landmark agreement, formally announced earlier today, involves a transfer of approximately $34 billion in assets and a promised overhaul of the fee structure, offering potential benefits to Canadian investors.

The deal signifies a major strategic move for CI Global, already a prominent player in the Canadian investment landscape. It underscores the ongoing consolidation trend within the industry, as firms seek to leverage scale and expertise to deliver enhanced value to clients. While Invesco Canada will relinquish its management responsibilities, the company will retain a crucial role as the distributor of these funds, focusing on marketing and sales efforts to reach and engage investors.

Understanding the Transaction: Management vs. Distribution

It's vital to distinguish between fund management and fund distribution. Fund management involves the day-to-day investment decisions - selecting assets, rebalancing portfolios, and actively (or passively) managing strategies to achieve specific investment objectives. Fund distribution, on the other hand, concerns marketing, sales, and the overall reach of the fund to potential investors. This agreement separates these two functions, with CI Global taking over the critical management duties while Invesco Canada continues to handle the vital distribution aspects.

Investor Benefits: Lower Fees and Expanded Options

The announcement has been positively received, primarily due to the anticipated benefits for investors. Kurt Carver, President & CEO of CI Investments Inc., highlighted the deal's potential, stating it provides "access to a broader range of investment options and a more competitive fee environment." The revamped fee structure is a cornerstone of this benefit, promising lower management fees which directly translates to higher returns for investors over time. Precise details of these revised fees will be released closer to the deal's closure, but the commitment to lower costs is a key selling point.

David Bedows, CEO of Invesco Canada, similarly expressed optimism, suggesting the partnership will foster a "stronger platform for growth and innovation." This implies that the combined strengths of CI Global and Invesco Canada will create synergies that benefit the funds and, ultimately, the investors who participate.

CI Global's Strategic Expansion

This acquisition aligns with CI Global's broader strategy of expanding its asset management capabilities. The firm has been actively pursuing growth through both organic initiatives and strategic acquisitions in recent years. Taking on the management of $34 billion in assets dramatically expands CI Global's reach and influence within the Canadian market, solidifying its position as a leading asset manager.

Regulatory Approval and Timeline

While the agreement has been publicly announced, it remains subject to regulatory approvals from relevant bodies. The closing of the transaction is anticipated to occur within the first half of 2026. This timeframe allows for the necessary due diligence, legal reviews, and approvals to be completed, ensuring a smooth transition of assets and responsibilities.

What's Next for Investors?

Existing investors in Invesco Canada funds can expect a period of transition. CI Global will work to integrate the management of the funds, ensuring continuity and minimizing any disruption to investment strategies. Detailed communications regarding the fee structure changes and any adjustments to fund management approaches will be provided by both CI Global and Invesco Canada in the coming months. Investors are encouraged to monitor these communications and consult with their financial advisors to understand the full implications of this significant industry shift.