First Asset Expands US$ Actively Managed ETF Lineup with First Asset Investment Grade Bond ETF (TSX: FIG.U)
Dec 12, 2017, 07:00 ET
/NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, Dec. 12, 2017 /CNW/ - First Asset Investment Management Inc. ("First Asset") announces that, effective today, US$ units of First Asset Investment Grade Bond ETF will commence trading on the Toronto Stock Exchange ("TSX") as an exchange-traded fund (an "ETF") under the ticker symbol FIG.U. Canadian dollar units have been available since August 2016, trading under the symbol FIG.
Actively managed by Marret Asset Management, this ETF aims to provide exposure to a high quality, diversified mix of investment grade corporate bonds from issuers in Canada, the US and Europe. The investment objectives of the ETF are to provide unitholders with monthly cash distributions and to maximize total returns for unitholders consisting primarily of monthly distributions, while reducing risk and preserving capital. Under normal market conditions, the ETF will be primarily invested in investment-grade bonds and other investment-grade debt securities.
About Marret Asset Management Inc.
Marret Asset Management Inc. is a credit fixed-income manager. The firm invests in high-yield and investment-grade corporate debt assets for institutional and retail clients. The experienced team of investment professionals is led by Barry Allan, President and Chief Investment Officer. He founded Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank, and has over 30 years of experience in credit and fixed-income markets.
First Asset – Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of actively managed and 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.
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. The ETF is not guaranteed, its values change frequently and past performance may not be repeated. Commissions, management fees and expenses all may be associated with an investment in the ETF. The ETF is managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). 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. Marret Asset Management Inc. is a subsidiary of CI Financial Corp. and an affiliate of First Asset.
SOURCE First Asset
For further information: about First Asset ETFs, as well as a complete list of ETFs available from First Asset, please visit: https://www.firstasset.com/ETFs or call First Asset at 416-642-1289 or 1‐877‐642‐1289.
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