First Asset launches five ETFs

Toronto-based First Asset Investment Management Inc. has added five ETFs to its corporate-class lineup. The following ETFs launched in March: First Asset Short Term Government Bond Index Class ETF, First Asset Global Momentum Class ETF, First Asset Global Momentum (CAD hedged) Class ETF, First Asset Global Value Class ETF, and the First Asset Global Value (CAD hedged) Class ETF. First Asset Investment is a subsidiary of First Asset Capital Corp., which is owned by Toronto-based CI Financial Inc. Investors in the new ETFs will be able to switch among these funds without triggering immediate tax consequences and also may benefit from more tax-efficient distributions through the corporate-class structure of the ETFs. For full fund details – including fees – visit www.firstasset.com.

(fcollie@investmentexecutive.com).