First Asset European Bank ETF

Investment Objectives

First Asset European Bank ETF's (the "Fund") investment objective is to seek long-term total returns consisting of long-term capital appreciation from an actively managed portfolio comprised primarily of equity securities of European banks.

The portfolio will be managed by Signature Global Asset Management (the "Portfolio Manager") and First Asset will provide all administrative and management services required by the Fund.

The Fund will seek to achieve its investment objective through the application of specialized analysis and expertise and intends to invest in a portfolio of equity securities that in the view of the Portfolio Manager represents a diversified portfolio of the most attractive opportunities in the European banking sector. 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. The Fund's investments may be selected from any subsector or capitalization level of the European banking sector.

IMPORTANT INFORMATION: On November 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.

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FHB -1.26%1.82%6.04%24.94%34.41%1.21%-0.98%-0.35%
As at: 31 Oct 2017

 

Sector Breakdown*

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

 

Country Breakdown*

As at 31 October 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. On November 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.


Key Facts

Fund Characteristics

Price/Earnings Ratio8.85
Price/Book Ratio0.99
As at 31 Oct, 2017

Fund Statistics

P/S Ratio (TTM) (Long)1.46
ROA % (TTM) (Long)1.26
ROE % (TTM) (Long)11.89
As at 31 Oct, 2017
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Distributions

Distribution details (.csv)

Twelve month-trailing distribution yield: 1.87%

FHBTotalCashReinvestedEligible dividendsNon eligible dividendsOther incomeCapital GainsReturn of capitalForeign IncomeForeign tax paid
SI$0.35760$0.35760-----$0.05054$0.19332$0.02036
2017 +$0.13410$0.13410--------
28-Sep$0.04520$0.04520--------
29-Jun$0.04220$0.04220--------
30-Mar$0.04670$0.04670--------
2016 +$0.16010$0.16010-----$0.00233$0.17693$0.01916
29-Dec$0.03490$0.03490-----$0.00051$0.03857$0.00418
29-Sep$0.04140$0.04140-----$0.00060$0.04575$0.00495
29-Jun$0.04470$0.04470-----$0.00065$0.04940$0.00535
30-Mar$0.03910$0.03910-----$0.00057$0.04321$0.00468
2015 +$0.06340$0.06340-----$0.04821$0.01639$0.00120
30-Dec$0.02150$0.02150-----$0.01635$0.00556$0.00041
29-Sep$0.02020$0.02020-----$0.01536$0.00522$0.00038
29-Jun$0.02170$0.02170-----$0.01650$0.00561$0.00041

News

25 Sep 2017 First Asset Opens the Market First Asset
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
21 Jul 2015 Stripping away preconceived notions of fixed income Financial Post | John Pagliacci
30 Sep 2014 A look inside Canada's hottest ETFs Special to the Globe and Mail | Andrew Hallam

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 European Bank ETF please click here