Toronto (August 6, 2013) - First Asset Investment Management Inc. (First Asset), an independent Canadian investment management company, has seen the highest percentage of growth among Canadian Exchange Traded Fund (ETF) companies during the months of June and July, with $47.5 million in ETF asset inflows.
First Asset launched its ETF product line two years ago with a focus on delivering superior risk-adjusted returns. They have found great success in both the fixed income and equity categories through collaboration with DEX Universe Bond Indices and Morningstar Indices. Barry Gordon, President and CEO of First Asset, is pleased with the recent results, "It's been a remarkable year so far - as a firm we have seen a 78.7% growth in ETF assets since January, we have three of the top four performing Canadian Equity category ETFs, and First Asset Morningstar Canada Value Index ETF (FXM) is currently ranked as Canada’s top performing ETF on a one year basis."1
With a focus on risk-adjusted returns, First Asset is the fastest growing ETF Company in Canada right now, offering seventeen (17) ETFs in both common and advisor class series. "We appreciate the support from the advisor community and we look forward to continuing to lead the Canadian market in delivering innovative solutions that aim to provide superior risk-adjusted returns for our clients" said Mr. Gordon.
For further information, please contact Rob MacNiven, Investor Relations, First Asset at 1-877-642-1289 or visit www.firstasset.com.
ABOUT FIRST ASSET:
First Asset is an independent Canadian investment management company focused on delivering superior risk-adjusted investment returns to Canadian investors and their investment advisors. First Asset Exchange Traded Funds offer unique investment solutions on a low cost, transparent basis. Founded in1996, First Asset is a leading manager of ETFs, mutual funds, and closed end funds in Canada.
1 Source: Morningstar.ca as at July 31, 2013. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds. Please read the prospectus before investing. Exchange traded funds are not guaranteed, their values change frequently and past performance may not be repeated. "DEX" is a trademark of TSX Inc., a subsidiary of TMX Group Inc. This mark has been sublicensed for use for certain purposes to First Asset by FTSE TMX Global Debt Capital Markets Inc. (formerly "PC-Bond" a business unit of TSX Inc). First Asset ETF funds are not sponsored, endorsed, sold or promoted by FTSE TMX Global Debt Capital Markets Inc., FTSE International Limited, TMX Group Inc. or their affiliates, third party data suppliers or licensors and they make no representation, warranty, or condition regarding the advisability of investing in First Asset ETF funds. Morningstar is a trademark of Morningstar, Inc. and has been licensed for use for certain purposes by First Asset. First Asset ETF funds are 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.