/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, Oct. 20, 2014 /CNW/ - First Asset Investment Management Inc. announces that effective immediately, Morningstar, Inc. has changed the names of some of the Morningstar indexes that certain First Asset exchange-traded funds seek to replicate. The new and old names of the indexes are described below. The changes are only to the names of the indexes and do not affect the indexes' methodologies in any way.
|First Asset ETF|| TSX
|Index's New Name|
|First Asset Morningstar Canada Dividend Target 30 Index ETF|| DXM;
| Morningstar® Canada Target Dividend Index™
(formerly, Morningstar® Canada Dividend Target 30 Index™)
|First Asset Morningstar US Dividend Target 50 Index ETF|| UXM;
| Morningstar® US Target Dividend Index™
(formerly, Morningstar® US Dividend Target 50 Index™)
|First Asset Morningstar Canada Momentum Index ETF|| WXM;
| Morningstar® Canada Target Momentum Index™
(formerly, Morningstar® Canada Momentum Index™)
|First Asset Morningstar US Momentum Index ETF|| YXM;
| Morningstar® US Target Momentum Index™
(formerly, Morningstar® US Momentum Target 50 Index™)
|First Asset Morningstar Canada Value Index ETF|| FXM;
| Morningstar® Canada Target Value Index™
(formerly, Morningstar® Canada Value Index™)
|First Asset Morningstar US Value Index ETF|| XXM;
| Morningstar® US Target Value Index™
(formerly, Morningstar® US Value Target 50 Index™)
This communication is intended for informational purposes only. The ETFs are offered by prospectus. The prospectus contains important detailed information about the ETFs and their 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 ETFs.
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.
First Asset - Smart SolutionsTM
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.
First Asset is an independent Canadian investment management company focused on delivering superior risk-adjusted investment returns to Canadian investors and their investment advisors. Founded in 1996, First Asset is a leading manager of ETFs, mutual funds, and closed end funds in Canada.
SOURCE: First Asset Morningstar Canada Dividend Target 30 Index ETF
For further information:
please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.