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First Asset Launches First Asset MSCI World Low Risk Weighted ETF and First Asset MSCI Canada Low Risk Weighted ETF

Today’s launch rounds out First Asset’s product line-up of ETFs designed to emphasize lower risk stocks and capture the volatility and size effect factors which aim to deliver superior risk-adjusted portfolio returns

TORONTO, February 19, 2014 – First Asset Investment Management Inc. (First Asset), an independent Canadian investment management company, is pleased to announce the official launch of two new Exchange Traded Funds (ETFs) built on MSCI risk weighted equity indexes.

First Asset MSCI World Low Risk Weighted ETF (TSX symbol - RWW) and First Asset MSCI Canada Low Risk Weighted ETF (TSX symbol - RWC) will commence trading today on the Toronto Stock Exchange (TSX). The announcement today rounds out First Asset’s low risk weighted index ETF product line-up.  Earlier this month First Asset announced the launch of First Asset MSCI USA Low Risk Weighted ETF (TSX symbol - RWU) and First Asset MSCI Europe Low Risk Weighted ETF (TSX symbol – RWE).

The MSCI Risk Weighted Indexes are designed to tilt a traditional market cap-weighted index towards stocks with lower risk. Each MSCI Risk Weighted Index reweights all the constituents of a cap-weighted MSCI parent index so that stocks with lower historical return variance are given higher index weights. By emphasizing low volatility stocks in this way, the MSCI Risk Weighted Indices have historically exhibited lower realized volatility compared to their respective parent MSCI indices, and a bias away from large cap stocks evidenced in a cap-weighted methodology, while maintaining reasonable liquidity, capacity and representation of the parent index.

First Asset MSCI ETFs

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Name of ETF                                                TSX TICKER SYMBOL
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First Asset MSCI World Low Risk Weighted ETF                             RWW
    Advisor Class Units                                                RWW.A
    Unhedged Common Units                                              RWW.B
    Unhedged Advisor Class Units                                       RWU.D
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First Asset MSCI Canada Low Risk Weighted ETF                            RWC
    Advisor Class Units                                                RWC.A
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These ETFs will be denominated in Canadian dollars.  First Asset MSCI World Low Risk Weighted ETF will be offered in hedged and unhedged versions to provide investors with the flexibility to choose whether they want exposure to the underlying currencies. First Asset MSCI World Low Risk Weighted ETF will offer Advisor Class units in both hedged and unhedged versions, and First Asset MSCI Canada Low Risk Weighted ETF will be offered in Advisor Class units.

RWW and RWC have closed the initial offering of their units and the units will begin trading on the Toronto Stock Exchange when it opens this morning. 

For more information or to arrange an interview please contact:  Stephanie Wolfe, First Asset ETFs at 1-877-642-1289 or visit www.firstasset.com.

About First Asset
Founded in 1996, First Asset is a Canadian, independent investment management company that manages and administers approximately $3 billion in total assets. First Asset offers a diverse range of investment products including ETFs, mutual funds and other exchange listed investment funds, covering a variety of domestic and global mandates. www.firstasset.com

This communication is intended for informational purposes only. The ETFs are offered by prospectus. The prospectus contains important detailed information about the ETFs and their units. Copies of the prospectus may be obtained from your investment advisor, First Asset or at www.sedar.com. Investors should read the prospectus before making an investment decision. Commissions, trailing fees, management fees and expenses all may be associated with investments in the ETFs. The ETFs are managed by First Asset Investment Management Inc.

MSCI is a trademark of MSCI Inc. The MSCI indexes have been licensed for use for certain purposes by First Asset. The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The prospectus of the funds contains a more detailed description of the limited relationship MSCI has with First Asset and any related funds.

Not for dissemination to U.S. newswire services or for dissemination to the United States of America.