Communiqués de presse

First Asset Launches New Morningstar Emerging Markets Bond ETF

Toronto, October 1, 2012 – First Asset Exchange Traded Funds is pleased to announce that First Asset Morningstar Emerging Markets Composite Bond Index ETF ("EXM") has closed its offering. The Fund's common and advisor class units will commence trading on the Toronto Stock Exchange ("TSX") today under the ticker symbols EXM and EXM.A.

EXM has been designed to provide investors with economic exposure to the performance of the Morningstar® Emerging Markets Composite Bond IndexSM, net of expenses. This index includes the most liquid sovereign and corporate bonds issued in U.S. dollars by governments and corporations in Latin America, emerging Europe, Africa, Middle-East and Asia. The common class units of EXM have a management fee of 0.50%.

"EXM provides investors with tax efficient exposure to enhanced yields currently offered by the emerging markets debt sector, leveraging Morningstar's investment research in a low-cost, liquid vehicle" said Barry Gordon, President and CEO of First Asset. "Morningstar is world renowned for the integrity of its research and First Asset is pleased to have EXM join the other First Asset ETFs we launched earlier this year based on Morningstar's proprietary indexes."

For further information about EXM or any of the First Asset ETFs, please contact Rob MacNiven, Investor Relations, First Asset ETFs at 1-877-642-1289 or visit our website at www.firstasset.com.

About First Asset and First Asset Exchange Traded Funds

Founded in 1996, First Asset is a Canadian, independent investment management company that manages and administers approximately $2.6 billion in assets. First Asset offers a diverse range of investment products including exchange listed investment funds, conventional mutual funds and ETFs covering a variety of domestic and global mandates. First Asset Exchange Traded Funds is a First Asset company. First Asset Exchange Traded Funds’ ETFs offer investment strategies that strive for superior risk-adjusted returns on a low-cost basis.

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. This fund is 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 fund.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The fund is not guaranteed, its value changes frequently and past performance may not be repeated.

For media inquiries or to arrange an interview:
Terance Brouse Senior Consultant, Xposure PR
(647) 274-5249, terance@xposurepr.com