First Asset expands product shelf

First Asset Investment Management Inc., based in Toronto, has announced the launch of two ETFs: First Asset Core Balanced ETF and First Asset Energy Giants Covered Call ETF. First Asset Core Balanced ETF invests mainly in Canadian issuers with the objective of providing unitholders with a balance of long-term capital appreciation and income while also diversifying risk through exposure to equities and fixed-income. First Asset Energy Giants Covered Call ETF invests in the 15 largest non-Canadian oil and gas exploration and production companies on an equal-weight basis. The selected companies are measured by U.S.-dollar market capitalization, with common stocks or American depository receipts listed on a Canadian or U.S. stock exchange. This ETF is available in both currency-hedged and unhedged versions. Management fees for First Asset Core Balanced ETF are 0.15% for common units and 0.9% for advisor units. Management fees for First Asset Energy Giants Covered Call ETF are 0.65% for common units and 1.4% for advisor units.

(fcollie@investmentexecutive.com).