First Asset launches actively managed Canadian and U.S. ETFs

Rudy Luukko 23 September, 2016 | 5:00PM

Taking advantage of its CI corporate connections, First Asset Investment Management Inc. has launched a pair of actively managed exchange-traded funds.

First Asset Cambridge Core Canadian Equity (FCE) and First Asset Cambridge Core U.S. Equity -- the latter available as either currency-hedged (FCY) or unhedged (FCY.B) share classes) -- began trading today on the Toronto Stock Exchange.

The two ETFs will invest primarily in equity and equity-related securities of large and mid-capitalization Canadian and U.S. issuers, respectively. The management fee for each ETF is 0.70%, not including operating expenses.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
CI Financial Corp25.53 CAD0.27

About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.