Invesco Canada Sells ETF Management Agreements to CI Global Asset Management
Event summary
- Invesco Canada agreed to sell management agreements for its Canadian funds business to CI Global Asset Management (CI GAM) on January 13, 2026.
- CI GAM will assume full investment responsibility for eight Invesco ETFs upon closing, including several ESG-focused funds.
- Northwest & Ethical Investments L.P. (NEI) will no longer provide non-discretionary ESG advice to the affected ETFs.
- Invesco Capital Management LLC will act as the discretionary sub-advisor for the ETFs until the transaction closes.
The big picture
This transaction marks another step in the consolidation of Canada's asset management industry, as larger players like CI GAM expand their ETF capabilities. The deal highlights the growing importance of ESG investing, even as sub-advisory roles shift. With Invesco's global AUM at $2.2 trillion as of December 31, 2025, the move could signal a broader strategic realignment in its Canadian operations.
What we're watching
- Integration Challenges
- How CI GAM will manage the transition of investment responsibilities for the ETFs without disrupting performance.
- ESG Strategy Shift
- Whether the departure of NEI as ESG advisor will impact the ETFs' ESG credentials or investor perception.
- Market Positioning
- The pace at which CI GAM can leverage this acquisition to strengthen its ETF offerings in the Canadian market.
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