/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA./
TORONTO, July 31, 2018 /CNW/ - First Asset Investment
Management Inc. ("First Asset") is pleased to announce that
First Asset Enhanced Government Bond ETF (the "ETF") has
closed the initial offering of its two classes of units
(collectively, the "Units") and the Units will commence
trading today on the Toronto Stock Exchange
("TSX"). The Common Units will trade on the TSX under
the ticker symbol FGO, and the US$ Common Units will trade on the
TSX under the ticker symbol FGO.U.
The ETF's investment portfolio will be co-managed by Marret
Asset Management Inc.'s Barry Allan,
President and Chief Investment Officer, Paul Sandhu, Vice President and Portfolio
Manager and Adam Tuer, Portfolio
Manager.
The ETF's investment objective is to provide long-term total
returns through interest income and capital appreciation. The ETF
will primarily invest in government debt, but may also invest in
other debt instruments across the credit spectrum including cash,
corporate debt, and debt and credit derivatives.
"Today's launch is another step
in expanding our partnership with First Asset," said Mr. Allan.
"The First Asset Enhanced Government Bond ETF is designed to
provide investors true, active management across the duration
spectrum. The key to providing our investors with a solution to
capitalize on both the current and upcoming phases of the credit
cycle rests on the flexibility of actively shortening the
portfolio's duration in periods of rising interest rates, while
also having the option to rotate to longer duration government
bonds, for additional recession protection."
Barry Allan,
President and Chief Investment Officer
Marret Investment
Management Inc.
About Marret Asset Management Inc.
Marret Asset
Management Inc. is a credit fixed-income manager. The firm invests
in high-yield and investment-grade corporate debt assets for
institutional and retail clients. The experienced team of
investment professionals is led by Barry
Allan, President and Chief Investment Officer. He founded
Marret in 2000, following a career at Altamira, Nesbitt Thomson and a Canadian chartered bank,
and has over 30 years of experience in credit and fixed-income
markets. Marret Asset Management is a subsidiary of CI Financial
Corp., and is an affiliate of First Asset.
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.
Please read the prospectus before investing. Important
information about the ETF is contained in its prospectus.
Individuals should seek the advice of professionals, as
appropriate, prior to investing. The ETF is not guaranteed, its
values changes frequently and past performance may not be repeated.
Commissions, management fees and expenses all may be associated
with an investment in the ETF.
This press release contains forward-looking statements and
information within the meaning of applicable securities
legislation. The forward-looking statements are not historical
facts but reflect the current expectations or opinions of First
Asset or the portfolio manager of First Asset Enhanced Government
Bond ETF regarding future results or events and are based on
information currently available to them as of the date of this
press release. Certain material factors and assumptions were
applied in providing these forward-looking statements. All
forward-looking statements in this press release are qualified by
these cautionary statements. First Asset believes that the
expectations and opinions reflected in forward-looking statements
are based upon reasonable assumptions; however, First Asset can
give no assurance that the actual results or developments will
accord with such expectations and opinions be realized. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations or the opinions expressed.
Readers, therefore, should not place undue reliance on any such
forward-looking statements. First Asset undertakes no obligation to
publicly update any such statement or to reflect new information or
the occurrence of future events or circumstances except as required
by securities laws.
The ETF is managed by First Asset, a subsidiary of First Asset
Capital Corp. TMFirst Asset and its logo are trademarks
of First Asset Capital Corp., a wholly-owned subsidiary of CI
Financial Corp. which is listed on the Toronto Stock Exchange under
the symbol "CIX". ®CI FINANCIAL is a registered
trademark of CI Investments Inc., used under license. Marret Asset
Management Inc. is a subsidiary of CI Financial Corp., and an
affiliate of First Asset.
SOURCE First Asset Exchange Traded Funds