First Asset launches five new Corporate Class ETFs

Mar 1st, 2016 | By | Category: ETF and Index News

Canadian investment manager First Asset has launched five new exchange-traded funds on the Toronto Stock Exchange, expanding its offering of First Asset Corporate Class funds. The new ETFs offer low cost, transparency, active management, diversification in a range of asset classes combined with a tax deferred structure to deliver an investment advantage for Canadians.

First Asset unveils five Corporate Class ETFs

Barry Gordon, President and CEO of First Asset.

Investors in First Asset Corporate Class ETFs enjoy the advantages of tax-efficient switching among current and future ETF shares within the corporate class. There are no immediate tax consequences triggered when switching between ETFs within the corporate class and investors may also benefit from more tax-efficient distributions provided through the corporate class structure.

Barry Gordon, President and Chief Executive Officer at First Asset, said: “First Asset Corporate Class ETFs represent the latest example of First Asset’s drive to offer best-in-class solutions; layering the well-known benefits of ETFs with the tax-efficient benefits of a corporate class structure. These new ETFs offer low cost, transparency, active management, diversification, and a range of asset classes combined with a tax deferred structure to deliver an investment advantage for Canadians. We will continue to introduce new ETFs within our corporate class structure increasing the value and benefits for our clients.”

The First Asset Short Term Government Bond Index Class ETF (FGB) has been designed to replicate the performance of a Canadian short term government bond index, currently the FTSE TMX Canada Short Term Government Bond Index, net of expenses.

The First Asset Global Momentum Class ETF (FGL) seeks to provide shareholders with long term capital appreciation. It is done by investing the ETF’s portfolio to gain exposure to equity securities of companies primarily from developed markets that exhibit strong price and earnings momentum characteristics.

The First Asset Global Momentum (CAD hedged) Class ETF (FGM) provides shareholders with long term capital appreciation by investing the ETF’s portfolio to gain exposure to equity securities of companies primarily from developed markets that exhibit strong price and earnings momentum characteristics. This ETF will seek to hedge foreign currency exposure back to the Canadian dollar.

The First Asset Global Value Class ETF (FGU) looks to provide shareholders with long term capital appreciation. This is done by investing the ETF’s portfolio to gain exposure to equity securities of companies primarily from developed markets that exhibit strong value characteristics like low price-to-book ratios and low price-to-cash flow ratios.

The First Asset Global Value (CAD hedged) Class ETF (FGV) provides shareholders with long term capital appreciation through investing the ETF’s portfolio in equity securities of companies primarily from developed markets that exhibit strong value characteristics like low price-to-book ratios and low price-to-cash flow ratios. This ETF will seek to hedge foreign currency exposure back to the Canadian dollar.

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