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3 NEW First Asset ETFs based on CIBC Index Strategies

TORONTO, October 18, 2016 - First Asset Investment Management Inc. ("First Asset") is pleased to announce the launch of three new exchange-traded funds (ETFs): First Asset U.S. Tactical Sector Allocation Index ETF (TSX: FUT); First Asset Canadian Dividend Low Volatility Index ETF (TSX: FDL) and First Asset U.S. Equity Multi-Factor Index ETF (TSX: FUM). All three ETFs will commence trading on the Toronto Stock Exchange today.

"We are pleased to extend these additional three CIBC Equity Index Strategies to retail investors through First Asset ETFs. Last month we launched the First Asset Canadian Buyback ETF (TSX: FBE) and the First Asset U.S. Buyback ETF (TSX: FBU). This is a unique opportunity for investors to benefit from a range of quantitative indices designed by one of Canada's leading index strategy teams, while also enjoying the benefits of the ETF structure, including transparency, tax efficiency, liquidity and low cost."
Barry Gordon
President and Chief Executive Officer
First Asset Investment Management Inc.

First Asset U.S. Equity Multi-Factor Index ETF (TSX: FUM) is comprised of a portfolio of equity securities of U.S. companies that exhibit low beta (low sensitivity to market fluctuations), high quality (high profitability and low leverage), and value (low price to earnings and price to book) characteristics.

First Asset Canadian Dividend Low Volatility Index ETF (TSX: FDL) is comprised of a portfolio of equity securities of TSX-listed issuers that exhibit low beta (low sensitivity to market fluctuations) and high dividend yield characteristics.

First Asset U.S. Tactical Sector Allocation Index ETF (TSX: FUT) is comprised of a portfolio of exchange-traded funds selected to allocate portfolio exposure among equity sectors and short and mid-term fixed income investments. The methodology is designed to provide up to 100% exposure to the nine U.S. equity sectors when their momentum is positive and rebalance into short and mid-term fixed income (up to 100%) when the equity sectors are exhibiting negative momentum.

Each ETF is based on an index using a proprietary rules-based methodology developed by CIBC Capital Markets from its research.

About CIBC
CIBC is a Canadian Schedule I bank that, among other things, is a leading provider of quantitative index strategies in Canada and the United States with solutions offered across multiple asset classes (equities, commodities, FX and rates). CIBC's index clients include retail investors, asset managers, pension plans and insurance companies. CIBC's index family provides factor, trend, curve, hedging and thematic based investing. CIBC indices facilitate exposure to various asset classes in a systematic, transparent and cost-efficient manner.

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.

For further information:
First Asset Investor Relations, 416-642-1289 or 1-877-642-1289 or www.firstasset.com

Please read the prospectus before investing. Important information about each First Asset ETF is contained in its prospectus. Individuals should seek the advice of professionals, as appropriate, prior to investing. The First Asset ETFs are not guaranteed, their values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and expenses all may be associated with an investment in the First Asset ETFs.

Each First Asset ETF is managed by First Asset, a subsidiary of First Asset Capital Corp. (FA Capital). TMFirst Asset and its logo are trademarks of FA Capital, 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.

Certain trademarks of Canadian Imperial Bank of Commerce and/or certain of its affiliates (collectively "CIBC") have been licensed by First Asset for use in connection with the First Asset ETFs. The securities of the First Asset ETFs are not sponsored, promoted, sold or supported in any other manner by CIBC or by the index calculation agent, Solactive A.G. ("Solactive"), nor do CIBC or Solactive offer any express or implicit guarantee or assurance either with regard to the results of using the indexes on which the First Asset ETFs are based, or the index prices at any time or in any other respect. The prospectus of the First Asset ETFs contains a more detailed description of the limited relationship CIBC and Solactive have with First Asset and the First Asset ETFs.

Not for dissemination to U.S. Newswire Services or for dissemination in the United States of America.