/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO
THE UNITED STATES OF AMERICA/
TORONTO, Nov. 18, 2014 /CNW/ - First Asset Investment Management Inc. ("First Asset"), is pleased to announce the launch of two new exchange traded funds ("ETFs") that track indexes based upon Morningstar's proprietary factor
methodology. First Asset Morningstar International Value Index ETF
(TSX: VXM) and First Asset Morningstar International Momentum Index ETF
(TSX: ZXM) have closed the initial offering of their units and will
begin trading on the Toronto Stock Exchange ("TSX") today.
The ETFs are denominated in Canadian dollars and will be offered in CAD
hedged and unhedged versions to provide investors with greater
flexibility The ETFs are also available in common and advisor units.
First Asset continues to broaden its suite of smart beta (or
factor-based) ETFs that track Canadian, U.S., international and global
indexes, providing Canadian investors with unique, smart, and low-cost
investment solutions that are rooted in empirically proven investment
methodologies designed to help Canadian investors achieve their
financial goals. These new ETFs represent the only international value
and momentum strategies available in Canada.
About First Asset
First Asset is an independent investment firm, with AUM of approximately
$3 billion, focused on providing smart, low cost solutions that address
the real-world investment needs of Canadians - capital appreciation,
income generation and risk mitigation. Rooted in strong fundamentals,
First Asset's smart solutions strive to deliver better risk-adjusted
returns than the broad market while helping investors achieve their
personal financial goals.
About Morningstar
Morningstar, Inc. is a leading provider of independent investment
research in North America, Europe, Australia, and Asia. The company
offers an extensive line of products and services for individual
investors, financial advisors, asset managers, and retirement plan
providers and sponsors. Morningstar provides data on approximately
479,000 investment offerings, including stocks, mutual funds, and
similar vehicles, along with real-time global market data on more than
13 million equities, indexes, futures, options, commodities, and
precious metals, in addition to foreign exchange and Treasury markets.
Morningstar also offers investment management services through its
investment advisory subsidiaries and had approximately $169 billion in
assets under advisement and management as of Sept. 30, 2014. The
company has operations in 27 countries.
This communication is intended for informational purposes only. The ETF
is offered by prospectus. The prospectus contains important detailed
information about the ETF and its units. Copies of the prospectus may
be obtained from your investment advisor, First Asset or at
www.sedar.com. Investors should read the prospectus before making an
investment decision. Commissions, trailing fees, management fees and
expenses all may be associated with investments in the ETF. The ETF is
managed by First Asset Investment Management Inc.
Morningstar and the Morningstar logo are registered trademarks of
Morningstar, Inc. and have been licensed for use for certain purposes
by First Asset Investment Management Inc. These ETFs are not sponsored,
endorsed, sold or promoted by Morningstar or any of its affiliates
(collectively, "Morningstar"), and Morningstar makes no representation
regarding the advisability of investing in the ETFs.
SOURCE First Asset
or to arrange an interview please contact Investor Relations, First Asset Investment Management Inc. at 1-877-642-1289 or visit www.firstasset.com.