The acquisition of a major independent firm opens up a whole new world
CI Financial is officially into ETFs.
The company announced today that it has completed its acquisition of First Asset Capital Corp.
First Asset is a leader in providing actively managed and factor-based exchange-traded funds (ETFs) to the Canadian marketplace.
The company, which has approximately $3 billion in assets under management, also offers a suite of mutual funds and closed-end funds.
Terms of the transaction were not disclosed.
First Asset will continue to operate as a separate company under its own name and current management team.
CI will be working with First Asset to build on its leadership in the actively managed ETF sector.
The company announced today that it has completed its acquisition of First Asset Capital Corp.
First Asset is a leader in providing actively managed and factor-based exchange-traded funds (ETFs) to the Canadian marketplace.
The company, which has approximately $3 billion in assets under management, also offers a suite of mutual funds and closed-end funds.
Terms of the transaction were not disclosed.
First Asset will continue to operate as a separate company under its own name and current management team.
CI will be working with First Asset to build on its leadership in the actively managed ETF sector.
