First Asset ETFs Provides Update on Advisor Class Units

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, May 2, 2017 /CNW/ - Further to its announcement on April 3, 2017 relating to the elimination of the advisor class units of its exchange trade funds ("ETFs") (see the table below), First Asset Investment Management Inc., the manager of the ETFs ("First Asset"), announces that the conversion of the advisor class units will occur on or about Friday, July 14, 2017 (the "Conversion Date"). 

As previously announced, on the Conversion Date, First Asset plans to reduce the annual management fee on the advisor class units by an amount equal to the applicable service fee payable in respect of that class of units and, either concurrently or as soon as reasonably practicable thereafter, convert all advisor class units into the corresponding common class units of the same ETF, subject to receipt of all regulatory and third party approvals, if any.

No action is required by unitholders on any of these changes.

First Asset – Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. 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.

TM First Asset and its logo are trademarks of First Asset Capital Corp., a wholly-owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX".  ®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.


ETF Name

Advisor Class

Ticker(s)

1.

First Asset Canadian Convertible Bond ETF

 

CXF.A

2.

First Asset 1-5 Year Laddered Government Strip Bond Index ETF

 

BXF.A

3.

First Asset Can-Energy Covered Call ETF

 

OXF.A

4.

First Asset Can-Materials Covered Call ETF

 

MXF.A

5.

First Asset Tech Giants Covered Call ETF

 

TXF.A

6.

First Asset Energy Giants Covered Call ETF

NXF.A

NXF.D

7.

First Asset European Bank ETF

 

FHB.A

8.

First Asset U.S. & Canada Lifeco Income ETF

 

FLI.A

9.

First Asset Active Canadian Dividend ETF

 

FDV.A

10.

First Asset Active Utility & Infrastructure ETF

 

FAI.A

11.

First Asset Canadian REIT ETF

 

RIT.A

12.

First Asset Morningstar Canada Dividend Target 30 Index ETF

 

DXM.A

13.

First Asset Morningstar US Dividend Target 50 Index ETF

 

UXM.A

UXM.D

14.

First Asset Morningstar Canada Momentum Index ETF

 

WXM.A

15.

First Asset Morningstar US Momentum Index ETF

YXM.A

YXM.D

16.

First Asset Morningstar Canada Value Index ETF

 

FXM.A

17.

First Asset Morningstar US Value Index ETF

XXM.A

XXM.D

18.

First Asset Morningstar International Value Index ETF

 

VXM.A

VXM.D

19.

First Asset Morningstar International Momentum Index ETF

 

ZXM.A

ZXM.D

20.

First Asset Morningstar National Bank Québec Index ETF

 

QXM.A

21.

First Asset MSCI Canada Low Risk Weighted ETF

 

RWC.A

 

22.

First Asset MSCI USA Low Risk Weighted ETF

RWU.A

RWU.D

23.

First Asset MSCI Europe Low Risk Weighted ETF

RWE.A

RWE.D

24.

First Asset MSCI World Low Risk Weighted ETF

 

RWW.A

RWW.D

25.

First Asset Active Credit ETF

 

FAO.A

FAO.V

26.

First Asset Core Canadian Equity ETF

 

CED.A

27.

First Asset Core U.S. Equity ETF

CES.A

CES.D

CES.V

 

SOURCE First Asset Exchange Traded Funds

For further information: please call First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.

RELATED LINKS
http://www.firstasset.com

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