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UNITED STATES OF AMERICA./
TORONTO, April 22, 2019 /CNW/ - First Asset
Investment Management Inc. ("First Asset") announced today
that the risk ratings of certain of its exchange traded funds
("ETFs") have changed as described in the table below.
The changes will be reflected in the prospectus and ETF Facts that
will be filed on or about April 22,
2019. The risk rating changes are based on the methodology
mandated by the Canadian Securities Administrators and are not a
result of any changes to the investment objectives, strategies or
management of the ETFs.
|
ETF
Name
|
Ticker
Symbol
|
New
Risk
Rating
|
Prior
Risk
Rating
|
|
CI First Asset Active
Canadian Dividend ETF
|
FDV
|
Low to
Medium
|
Medium
|
|
CI First Asset Active
Credit ETF
(common units and US$
common units)
|
FAO and
FAO.U
|
Low
|
Low to
Medium
|
|
CI First Asset
Canadian Buyback Index ETF
|
FBE
|
Low to
Medium
|
Medium
|
|
CI First Asset
Canadian REIT ETF
|
RIT
|
Low to
Medium
|
Medium
|
|
CI First Asset Core
Canadian Equity ETF
|
CED
|
Low to
Medium
|
Medium
|
|
CI First Asset Core
Canadian Equity Income Class ETF
|
CSY
|
Low to
Medium
|
Medium
|
|
CI First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM
|
Low to
Medium
|
Medium
|
|
CI First Asset
Morningstar Canada Momentum Index ETF
|
WXM
|
Low to
Medium
|
Medium
|
|
CI First Asset
Morningstar International Value Index ETF
(unhedged common units)
|
VXM.B
|
Medium
|
Medium to
High
|
|
CI First Asset
Morningstar National Bank Québec Index ETF
|
QXM
|
Low to
Medium
|
Medium
|
|
CI First Asset
Morningstar US Momentum Index ETF
(unhedged common units)
|
YXM.B
|
Medium
|
Medium to
High
|
|
CI First Asset MSCI
Canada Quality Index Class ETF
|
FQC
|
Low to
Medium
|
Medium
|
|
CI First Asset MSCI
Europe Low Risk Weighted ETF
(unhedged common units)
|
RWE.B
|
Low to
Medium
|
Medium
|
|
CI First Asset MSCI
USA Low Risk Weighted ETF
(common
units)
|
RWU
|
Low to
Medium
|
Medium
|
|
CI First Asset Tech
Giants Covered Call ETF
(common
units)
|
TXF
|
Medium
|
Medium to
High
|
|
CI First Asset U.S.
Buyback Index ETF
|
FBU
|
Medium
|
Medium to
High
|
|
CI First Asset U.S.
TrendLeaders Index ETF
|
SID
|
Medium
|
Medium
to High
|
The ETFs' prospectus and each of their respective ETF Facts
documents can be found on our website at www.firstasset.com
or at www.sedar.com. A copy of the standardized risk
classification methodology used by First Asset to identify the
investment risk levels of the ETFs is available on request, at no
cost, by calling us at 416-642-1289 or 1‐877‐642‐1289.
First Asset – Smart SolutionsTM
First
Asset, a CI Financial Company, is a Canadian investment firm
delivering a comprehensive suite of smart ETF solutions. Rooted in
strong fundamentals, First Asset's smart solutions strive to
deliver better risk-adjusted returns than the broad market, while
helping investors achieve their personal financial goals.
This communication is intended for informational purposes only.
Please read the prospectus before investing. Copies of the
prospectus may be obtained from your investment advisor, First
Asset or at www.sedar.com. Commissions, management fees and
expenses all may be associated with investments in exchange traded
funds (ETFs). ETFs are not guaranteed, their values change
frequently and past performance may not be repeated. You will
usually pay brokerage fees to your dealer if you purchase or sell
units of an ETF on the TSX. If the units are purchased or sold on
the TSX, investors may pay more than the current net asset value
when buying units of the ETF and may receive less than the current
net asset value when selling them. First Asset ETFs are managed by
First Asset Investment Management Inc., a subsidiary of CI
Financial Corp., which is listed on the Toronto Stock Exchange
under the symbol "CIX". TMFirst Asset and its logo
are trademarks of a subsidiary of CI Financial Corp. and ®CI
FINANCIAL is a registered trademark of CI Investment Inc., used
under license.
SOURCE First Asset