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First Asset Expands its Successful Factor-Based ETF Family with the Launch of International Value and Momentum ETFs

TORONTO, November 18, 2014 - First Asset Investment Management Inc. ("First Asset"), is pleased to announce the launch of two new exchange traded funds ("ETFs") that track indexes based upon Morningstar's proprietary factor methodology. First Asset Morningstar International Value Index ETF (TSX: VXM) and First Asset Morningstar International Momentum Index ETF (TSX: ZXM) have closed the initial offering of their units and will begin trading on the Toronto Stock Exchange ("TSX") today.

The ETFs are denominated in Canadian dollars and will be offered in CAD hedged and unhedged versions to provide investors with greater flexibility The ETFs are also available in common and advisor units.

First Asset continues to broaden its suite of smart beta (or factor-based) ETFs that track Canadian, U.S., international and global indexes, providing Canadian investors with unique, smart, and low-cost investment solutions that are rooted in empirically proven investment methodologies designed to help Canadian investors achieve their financial goals. These new ETFs represent the only international value and momentum strategies available in Canada.

For more information or to arrange an interview please contact Investor Relations, First Asset Investment Management Inc. at 1-877-642-1289 or visit www.firstasset.com.

About First Asset
First Asset is an independent investment firm, with AUM of approximately $3 billion, focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. 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.

About Morningstar
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 479,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 13 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $169 billion in assets under advisement and management as of Sept. 30, 2014. The company has operations in 27 countries.

This communication is intended for informational purposes only. The ETF is offered by prospectus. The prospectus contains important detailed information about the ETF and its 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 ETF. The ETF is managed by First Asset Investment Management Inc.

Morningstar and the Morningstar logo are registered trademarks of Morningstar, Inc. and have been licensed for use for certain purposes by First Asset Investment Management Inc. These ETFs are not sponsored, endorsed, sold or promoted by Morningstar or any of its affiliates (collectively, "Morningstar"), and Morningstar makes no representation regarding the advisability of investing in the ETFs.

Only international value and momentum strategies on Morningstar Direct as at Nov 14, 2014. Solely based on the 15 Canadian ETF funds in the International Equity category.

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