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First Asset Morningstar Emerging Markets Composite Bond Index ETF: Press Release

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First Asset Investment Management Inc. ("First Asset") announces that it has implemented the previously announced changes to First Asset Morningstar Emerging Markets Composite Bond Index ETF (TSX:EXM)(TSX:EXM.A) (the "Fund") effective today, May 21, 2013. As a result the Fund may resume issuing new units effective immediately.

The Fund's Declaration of Trust has been amended and restated in accordance with its terms in order to permit the Fund to maintain its exposure to the Morningstar(R) Emerging Markets Composite Bond Index(SM) (the "Index") indirectly through its existing forward agreement while permitting the Fund to invest proceeds from the sale of new units directly in securities that replicate the performance of the Index.

For further information, please contact Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.