/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
