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TORONTO, Nov. 18, 2016 /CNW/ - First Asset Investment Management Inc., the manager of First Asset Hamilton Capital European Bank ETF (the "ETF") (TSX: FHB and FHB.A) announces that Signature Global Asset Management ("Signature"), a division of CI Investments Inc. and an affiliate of the manager, will assume the portfolio management responsibilities for the ETF effective the close of business today. John Hadwen, Vice-President, Portfolio Management and Portfolio Manager, will be responsible for security selection for the ETF. In connection with the change, the manager intends to change the name of the ETF to "First Asset European Bank ETF". The ETF's investment objective and TSX tickers will not change.
About Signature Global Asset Management
Signature Global Asset Management, a division of CI Investments Inc. led by Chief Investment Officer Eric Bushell, manages over $50 billion in core equity, balanced and income-oriented funds, and is CI Investments' largest in-house portfolio management group.
John Hadwen, Vice President, Portfolio Management and Portfolio Manager, will assume responsibilities for FHB and FHB.A. Mr. Hadwen specializes in the global financial services sector and is responsible for stock selection in the sector for Signature Funds, overseeing approximately $5 billion in assets under management. Mr. Hadwen holds an Honours BA and the Chartered Financial Analyst designation.
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.
TMFirst 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.
SOURCE First Asset
For further information: please call Investor Relations, First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.