Firm attempts to broaden its line-up to give investors more options
First Asset, part of the CI Financial company, a Canadian investment firm, has announced the launch of five new corporate class ETFs.
In an effort to broaden its product line-up, the new ETFs are designed to give investors the advantages associated with tax efficient switching across current and future ETF shares within the corporate class. There will be no immediate tax implications when switches are made within the corporate class.
According to Barry Gordon, the CEO and president of First Asset, this latest line-up of ETFs are meant to offer “best-in-class” solutions.
“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 Canadian,” he said. “We will continue to introduce new ETFs within our corporate class structure increasing the value and benefits for our clients.”
Each of the ETFs has its own investment objectives as outlined in the company’s official release, as below:
First Asset Short Term Government Bond Index Class ETF (TSX: FGB): This has been designed to replicate, to the extent possible, the performance of a Canadian short term government bond index, currently the FTSE TMX Canada Short Term Government Bond Index, net of expenses.
First Asset Global Momentum Class ETF (TSX: FGL): Its investment objective is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Momentum (CAD hedged) Class ETF (TSX: FGM): The investment objective of this ETF is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Value Class ETF (TSX: FGU): Its investment objective is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Value (CAD hedged) Class ETF (TSX: FGV): Here the investment objective is to provide shareholders with long term capital appreciation, through 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. This ETF will seek to hedge foreign currency exposure back to the Canadian dollar.
In an effort to broaden its product line-up, the new ETFs are designed to give investors the advantages associated with tax efficient switching across current and future ETF shares within the corporate class. There will be no immediate tax implications when switches are made within the corporate class.
According to Barry Gordon, the CEO and president of First Asset, this latest line-up of ETFs are meant to offer “best-in-class” solutions.
“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 Canadian,” he said. “We will continue to introduce new ETFs within our corporate class structure increasing the value and benefits for our clients.”
Each of the ETFs has its own investment objectives as outlined in the company’s official release, as below:
First Asset Short Term Government Bond Index Class ETF (TSX: FGB): This has been designed to replicate, to the extent possible, the performance of a Canadian short term government bond index, currently the FTSE TMX Canada Short Term Government Bond Index, net of expenses.
First Asset Global Momentum Class ETF (TSX: FGL): Its investment objective is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Momentum (CAD hedged) Class ETF (TSX: FGM): The investment objective of this ETF is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Value Class ETF (TSX: FGU): Its investment objective is to seek to provide shareholders with long term capital appreciation, through 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.
First Asset Global Value (CAD hedged) Class ETF (TSX: FGV): Here the investment objective is to provide shareholders with long term capital appreciation, through 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. This ETF will seek to hedge foreign currency exposure back to the Canadian dollar.
