03:56 PM EST - CI Financial Corp. : reported gross retail sales of $587 million and net redemptions of $15 million for the month of August. Total assets under management at August 31, 2010 were $66.7 billion, a decrease of 0.5% over the month. Average retail assets under management for August were $63.4 billion, up 1.3% from $62.5 billion in July. Sales consisted of $16 million in net redemptions of long-term funds and $1 million of net sales in money market funds. For the year-to-date, CI had gross retail sales of $6.8 billion and net sales of $1.2 billion. CI Financial Corp.
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