Toronto-based First Asset Investment Management Inc. announced that First Asset Cambridge Global Dividend ETF has closed the initial offering of its hedged and unhedged units, and the units began trading Tuesday on the Toronto Stock Exchange under the ticker symbols FCW and FCW.B, respectively.
The ETF is managed by Cambridge Global Asset Management, an affiliate of First Asset. Stephen Groff is the lead portfolio manager.
The ETF’s investment objective is to provide unitholders with an attractive total investment return, consisting of dividend income and capital gains, by investing primarily in equity and equity-related securities of issuers anywhere in the world.
“First Asset Cambridge Global Dividend ETF represents a valuable, actively managed ETF that delivers the strength and capabilities of Cambridge with the benefits of an ETF; including transparency, intraday trading and low cost,” says Rohit Mehta, president, First Asset, in a statement.