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TORONTO, Nov. 11, 2015 /CNW/ - First Asset Investment Management Inc. is pleased to announce that First Asset Morningstar National Bank Québec Index ETF (TSX: QXM) has won the 2015 Lipper Fund Award for Best ETF in the Canadian Equity category. This award recognizes the fund that outperforms its peers by delivering strong risk-adjusted performance over a 3-year period. 

 "It's an honour to be recognized by the Lipper Awards." said Barry Gordon, President and Chief Executive Officer. "QXM is an example of our ability to deliver better risk-adjusted returns while helping meet the real-world investment needs of Canadians."

QXM has outperformed its peers over a 3-year period delivering consistent outperformance of its benchmark both on an absolute and risk-adjusted basis. Cumulative outperformance has exceeded 54% since inception in February 2012, combined with lower overall volatility of returns.

About the Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards and the StarMine Analyst Awards. For more information, please contact markets.awards@thomsonreuters.com or visit www.excellence.thomsonreuters.com.  

About the Lipper Awards Methodology
The Lipper Fund Awards, granted annually, are part of the Thomson Reuters Awards for Excellence awarded by Lipper, Inc. and highlight funds that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The Lipper Fund Awards are based on the Lipper Ratings for Consistent Return, which is a risk-adjusted performance measure calculated over 36, 60 and 120 month periods. The highest 20% of funds in each category are named Lipper Leaders for Consistent Return and receive a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2 and the lowest 20% are scored 1. The highest Lipper Leader for Consistent Return in each category wins the Lipper Fund Award. Lipper Leader ratings change monthly. For more information, see www.lipperweb.com. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

QXM was awarded the 2015 Lipper Fund Award in the Canadian Equity ETF category for the three year period ending July 31, 2015 out of a total of 17 funds.  Performance for the fund for the period ended October 31, 2015 is indicated above. The corresponding Lipper Leader ratings of the fund for the same period are as follows: N/A (1 year), 5 (3 years), N/A (5 years), N/A (10 years). The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. 

First Asset - Smart Solutions^TM
First Asset is an independent investment firm 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.

Please read the prospectus before investing. Important information about the ETF is contained in its prospectus. Individuals should seek the advice of professionals, as appropriate, prior to investing. ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in ETFs. The ETF is managed by First Asset Investment Management Inc.

SOURCE First Asset