Press Releases

First Asset Enhanced Short Duration Bond ETF Launches US Dollar Class

TORONTO, October 4, 2017 - First Asset Investment Management Inc. ("First Asset") is pleased to announce that First Asset Enhanced Short Duration Bond ETF (the "ETF") has closed the initial offering of its US dollar-denominated class of units and those units will commence trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol FSB.U. The ETF also offers Canadian dollar units which were launched on September 12, 2017 and trade on the TSX under the ticker symbol FSB.

The ETF's investment objective is to provide absolute returns through interest income and capital gains and its risk objective is to have very low volatility and positive returns over any twelve month period. FSB will primarily invest in debt instruments across the credit spectrum including cash, government debt, investment-grade corporate debt, high-yield corporate debt, government debt futures, convertible debentures and credit derivatives. FSB's strategy will primarily focus on US and Canadian corporate bonds and will include the use of government bond futures to manage the duration of the fund according to the volatility objectives. To minimize interest rate volatility, the ETF will typically target an overall portfolio duration of less than 2 years. It is intended that at all times (i) at least 90% of the non-Canadian currency exposure attributable to the Units will be hedged to the Canadian dollar and (ii) at least 90% of the non-U.S. currency exposure attributable to the US$ Units will be hedged to the U.S. dollar. The ETF will be co-managed by Barry Allan, President and Chief Investment Officer and Paul Sandhu, Vice President and Portfolio Manager of Marret Asset Management Inc.

About Marret Asset Management Inc.
Marret Asset Management Inc. is a Toronto-based alternative asset manager specializing in global and Canadian income investing. The firm was founded in 2001 by Barry Allan. Mr. Allan is backed by a highly experienced team of portfolio managers and research analysts. Marret has established particular expertise in investing in investment-grade and high yield corporate debt, and alternative strategies on behalf of institutional, high net worth and retail clients.

For further information, please call First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.

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 First Asset Capital Corp., 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. Marret Asset Management Inc. is a subsidiary of CI Financial Corp. and an affiliate of First Asset.

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