First Asset Global Financial Sector ETF

Investment Objectives

The Fund's investment objective is to seek long-term total returns consisting of long-term capital appreciation and regular dividend income from an actively managed portfolio composed primarily of securities of issuers in the global financial services sector across developed and emerging markets.

At the discretion of the Portfolio Manager, the Fund may choose to enter into currency forward agreements to hedge all or a portion of the value of the Fund's non-Canadian currency exposure back to the Canadian dollar. Hedging currency exposure to reduce the impact of fluctuations in exchange rates is intended to reduce the direct exposure to foreign currency risk for Unitholders.

IMPORTANT INFORMATION: On April 18, 2016, Signature Global Asset Management, a division of CI Investments Inc., commenced investment advisory and portfolio management services for the Fund. Signature Global Asset Management

Signature Global Asset Management: Sector Specialists

Signature Global Asset Management, a division of CI Investments Inc., is the Portfolio Manager of the Fund. Signature Global Asset Management, led by Chief Investment Officer Eric Bushell, manages over $50 billion in core equity, balanced and income-oriented funds, and is CI Investments' largest in-house portfolio management group. Signature's John Hadwen, Vice- President and Portfolio Manager, is responsible for stock selection for the Fund.

Mr. Hadwen specializes in the global financial services sector and is responsible for stock selection in the sector for Signature Funds, overseeing approximately $5 billion in assets under management. Mr. Hadwen holds an Honours BA and the Chartered Financial Analyst designation.

 1m3m6mYTD1y2ySI
FSF -1.48%1.59%13.11%6.86%30.58%-4.06%-0.23%
Benchmark-1.07%3.34%11.04%7.52%27.03%9.07%13.29%
As at: 31 May 2017 - Benchmark: MSCI ACWI Financials Index (Unhedged)

 

Sector Breakdown*

As at 31 May 2017
*As a percent of invested assets

 

Country Breakdown*

As at 31 May 2017
*As a percent of invested assets

The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns. The Fund was originally launched as a TSX-listed closed-end fund on November 21, 2014, and converted into an exchange traded fund on April 25, 2016. Performance shown is since inception of the closed-end fund. In connection with the conversion, and pursuant to unitholder approval, the annual management fee payable by the Fund to First Asset, as manager, was reduced to 0.85% (from 1.00%) of the NAV per unit and certain changes were made to the investment objectives, strategies and restrictions applicable to the Fund. Material among these changes is the ability of the Fund to invest in securities of global financial issuers; thereby broadening the scope of eligible investments both geographically and by type of financial institutions. On April 18, 2016, Signature Global Asset Management, a division of CI Investments Inc., commenced investment advisory and portfolio management services for the Fund. Had these changes been in effect prior to this date the performance of the Fund could have been different.

The MSCI ACWI Financials Index captures large and mid cap representation across 23 Developed Markets and 23 Emerging Markets countries. All securities in the index are classified in the Financials sector as per the Global Industry Classification Standard (GICS®). This Index is used as a benchmark to help you understand the Fund`s performance relative to the general performance of the Developed and Emerging Markets Financial sectors.

Key Facts

Fund Characteristics

Price/Earnings Ratio12.41
Price/Book Ratio1.19
As at 31 May, 2017

Fund Statistics

P/S Ratio (TTM) (Long)2.26
ROA % (TTM) (Long)1.95
ROE % (TTM) (Long)11.99
As at 31 May, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.24%

FSFTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.20940$0.20940-----$0.11440--
2017 +$0.09500$0.09500--------
29-Jun$0.04290$0.04290--------
30-Mar$0.05210$0.05210--------
2016 +$0.11440$0.11440-----$0.11440--
29-Dec$0.03910$0.03910-----$0.03910--
29-Sep$0.05310$0.05310-----$0.05310--
29-Jun$0.02220$0.02220-----$0.02220--

News

11 Apr 2016 First Asset Opens the Market First Asset
23 Oct 2015 CI Financial scoops up ETF provider First Asset Capital The Globe and Mail | Clare O'Hara

Documents

Warning: Documents posted on this website (including, without limitation, prospectuses) are current only as of the date on them

To access the SEDAR filings of First Asset Global Financial Sector ETF please click here