Mubadala-Backed CI Acquires $1.8 Billion in Canadian Fund Assets from Invesco

CI Investments, a firm supported by Mubadala Investment Company, has finalized the purchase of $1.8 billion in Canadian mutual fund and ETF assets from Invesco Canada. The transaction includes a suite of equity, balanced, and fixed-income funds, with key holdings concentrated in Canadian equities, corporate bonds, and sustainable investment strategies. The acquisition marks a strategic expansion for CI’s Canadian operations, enhancing its total assets under management to over $140 billion. The deal reflects a broader trend of consolidation in Canada’s investment management sector, where larger firms are acquiring niche portfolios to diversify product offerings and access institutional client bases. CI’s acquisition comes amid a period of heightened M&A activity in asset management, as firms seek scale and resilience in a volatile market environment. Invesco Canada, which has been streamlining its business, is focusing on its core global mandates while exiting non-core Canadian operations. The transaction has immediate implications for asset managers, financial advisors, and retail investors. Clients of the acquired funds will transition to CI’s platform with minimal disruption, and existing investment mandates will be maintained. CI has confirmed that all fund managers involved in the transaction will continue to manage assets under the new ownership. Market observers note that the $1.8 billion deal is one of the largest single-asset transfers in Canada’s mutual fund sector this year. It positions CI to better compete with major players like BlackRock Canada and BMO Nesbitt Burns in the institutional and retail segments. The acquisition also signals Mubadala’s continued commitment to growing CI’s global presence through targeted investments in North American financial infrastructure.