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TSX: TXF.B (Unhedged)
TORONTO, Aug. 31, 2017 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces the launch
of an unhedged class of units of First Asset Tech Giants
Covered Call ETF (the "ETF"). This new class of units
will commence trading today on the Toronto Stock Exchange
("TSX") under the ticker symbol TXF.B (the "Unhedged
Units"). The hedged class of units of the ETF (the
"Hedged Units") has been available since October, 2011 and
trade on the TSX under the ticker symbol TXF.
Unlike the Hedged Units, which hedge at least 90% of the value
of the foreign currency exposure, if any, attributable to the
Hedged Units back to the Canadian dollar, the foreign currency
exposure attributable to the Unhedged Units will not be hedged back
to the Canadian dollar.
The ETF provides exposure to some of the largest, most
innovative technology companies by minimizing volatility and
generating attractive income through an actively managed covered
call writing strategy. The largest 25 issuers, measured by market
capitalization, listed on a North American stock exchange are
chosen for inclusion in the ETF on an equally weighted basis and
are rebalanced quarterly. Distributions are paid quarterly and no
more than 25% of the portfolio's securities will have call options
written upon them at any given time.
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, trailing commissions, management fees and expenses all
may be associated with an investment in the ETF.
The ETF is managed by First Asset, a subsidiary of First Asset
Capital Corp. (FA Capital). 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.
SOURCE First Asset
