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NEW: First Asset U.S. TrendLeaders Index ETF

TORONTO, July 5, 2017 - First Asset Investment Management Inc. ("First Asset") is pleased to announce that First Asset U.S. TrendLeaders Index ETF (the "ETF") has closed the initial offering of its units and the units will commence trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol SID.

"First Asset is dedicated to active strategies, be they ETFs managed on a discretionary basis by a portfolio management team, or ETFs based on active smart beta indexes. Consistent with this focus, we're pleased to launch the First Asset U.S.TrendLeaders Index ETF, capitalizing on the work of Chartered Market Technician and Executive Director CIBC World Markets, Sid Mokhtari. Sid and his team have developed a trend-following model designed to consistently position investors in the best opportunities the US equity market has to offer".
Rohit Mehta, President
First Asset Investment Management Inc.

CIBC U.S. TrendLeaders Index
The ETF has been designed to replicate, to the extent possible, the performance of the CIBC U.S. TrendLeaders Index, net of expenses. The CIBC U.S. TrendLeaders Index (the "U.S. TrendLeaders Index") is comprised of a portfolio of equity securities of U.S. companies. The U.S. TrendLeaders Index employs a proprietary rules-based model developed by CIBC World Markets which systematically and objectively selects and ranks securities based on the duration and longevity of certain underlying trend-strengths and incorporates an objective quantitative filter for technical factors. The U.S. TrendLeaders Index was developed based on the empirical evidence that shows that equity securities with the highest trend scores will continue to generate better absolute and relative returns on a more frequent basis and will undergo different cycles of mean-reversion, mostly tied to the duration of the period during which the trend factors are expanding or contracting. To qualify for inclusion in the U.S. TrendLeaders Index an equity security must: (i) be a constituent of the Solactive U.S. Large and Mid Cap Index; and (ii) meet a minimum average daily traded dollar value volume threshold. The U.S. TrendLeaders Index is reconstituted and rebalanced monthly in order to remove constituents with weakening or stagnating trend scores and replace with a new set of higher trend-scoring constituents.

Sid Mokhtari
Mr. Mokhtari is a Chartered Market Technician and an executive director in the capacity of research analysis with a focus on technical-model trading in the equities, commodities and currencies asset classes. Mr. Mokhtari developed the CIBC TrendLeaders Matrix in 2008, a mechanical trend model designed to provide institutional investors with an objective and systematic multifactor-driven stock allocation methodology.

Additional Information
For information about First Asset ETFs based on CIBC indexes, as well as a complete list of ETFs available from First Asset, please visit: http://www.firstasset.com/etfs or call First Asset at 416-642-1289 or 1-877-642-1289.

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 indexes 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.

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 FA Capital, a wholly-owned subsidiary of CI Financial Corp. which is listed on the TSX 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 ETF. The securities of the ETF 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 index on which the ETF is based, or the index prices at any time or in any other respect. The prospectus of the ETF contains a more detailed description of the limited relationship that CIBC and Solactive have with First Asset and the ETF.

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