Toronto - based XTF Capital Corp., a unit
of First Asset Investment Management Inc., is the latest player to enter into the Canadian ETF market, with two offerings last week.
«It's hard to know what the cause of the delay is,» said John Stephenson, portfolio manager at
First Asset Funds.
Nevertheless, Hamilton Capital already has experience in ETFs as it acts as subadvisor to an ETF from Toronto - based
First Asset Investment Management Inc., the industry note states.
The fund:
First Asset Morningstar US Dividend Target 50 Index ETF (UXM) The index: The fund tracks the Morningstar US Dividend Target 50 Index, which was created specifically for this ETF.
The National Post hosted a live chat during which Barry Gordon of
First Asset ETFs and archerETF answered readers questions.
The stock of
First Asset Canadian REIT Income Fund (TSE: RIT) gapped down by $ 0.01 today and has $ 11.94 target or 14.00 % below today's $ 13.88 share price.
First Asset Global Financial Sector ETF began trading on Monday on the Toronto Stock Exchange under the symbol FSF.
Barry Gordon admits he was surprised when he first read Justin Bender's entry
in First Asset's Search for Canada's Next Top ETF contest, which I introduced in my previous post.
In this webinar, sponsored by Scotia iTRADE, and presented
by First Asset Management, attendees will learn about the «Smart Beta» movement that has taken Canada by storm.
The stock of
First Asset MSCI Canada Low Risk Weighted ETF (TSE: RWC) gapped up by $ 0.11 today and has $ 16.96 target or 62.00 % above today's $ 10.47 share price.
Tardif recently launched a new investment management company associated
with First Asset Investment Management.
It isn't subject to «real demand and real supply,» says gold skeptic John Stephenson, portfolio manager
at First Asset Investment Management.
The
new First Asset funds use what's called a barbell strategy, which involves holding equal amounts of short - term and long - term bonds, with no allocation to intermediate maturities.
Toronto - based CI Financial Corp. has reached an agreement to acquire full ownership of Toronto -
based First Asset Capital Corp..
FIRST ASSET ACTIVE CANADIAN DIVIDEND ETF $ 9.40 (Toronto symbol FDV; TSINetwork ETF Rating: Aggressive; Market cap: $ 32.1 million) aims to invest in Canadian dividend payers with the potential for capital gains.
«
First Asset provides CI Financial with a future distribution platform for its actively managed investment products, including access to an ETF platform.»
Prior to converting into an ETF, the fund was a closed - end fund
called First Asset Hamilton Capital European Bank Fund.
And if Nino wants to stay with a yield - focused play, then he should consider
purchasing First Asset's U.S. & Canada Lifeco Income ETF (FLI) with a covered call overlay.
«Other great ETFs providers in the global space
include First Asset Management and Vanguard,» says Parry.
Toronto - based INFOR Financial Inc. acted as financial advisor to
First Asset on this transaction.
As for the covered call ETFS, to date, Horizons, BMO, and
First Asset offer a variety of ETFs that implement this strategy.
First Asset also launched three bond ETFs using barbell strategies pegged to DEX indexes.
«We capture the size premium through equal weighting of securities,»
said First Asset senior vice-president Rohit Mehta, «Many of our factor strategies and all our covered - call strategies equal weight the underlying securities.»
«This transaction
strengthens First Asset's ability to grow and to expand its product lineup,» says Gordon in a statement.
First Asset anticipates implementing the Amalgamations on or about April 25, 2016 (the «Effective Date»), subject to obtaining all necessary regulatory and third party approvals.
iShares and
First Asset already offer US dividend ETFs, but both have fewer holdings and hedge the currency.
Sector specialists within Signature Global Asset Management will manage the two
First Asset actively managed ETFs.
Canada's exchange - traded fund market (ETF) has become more populated with the introduction of new products
from First Asset Investment Management Inc. and BMO Asset Management Inc., both of Toronto.
Nonetheless, National Bank Direct Brokerage's move to drop commissions on ETF buying and selling might still mean a shakeup of Virtual Brokers» pricing is in the cards not too long from now, especially since CI Financial owns ETF
provider First Asset.
First Asset assumes no responsibility for any losses or damages, whether direct or indirect, which arise from the use of this information and expressly disclaims liability for any errors or omissions in this information.
™ First Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol «CIX».
Copyright © 2018 •
First Asset A CI Financial Company • All rights reserved.
However,
First Asset kindly provided us with monthly index data to fill in the gaps back to the beginning of 2008.
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.
We fully
expect first assets next week (Update: or sooner, see below for first video and screenshot), but for now Gearbox and publisher Sega have a few bits of information to share.
When I made my
very first asset that I knew would actually make it into a game (the laser bolt in MDK2!)
Every submission will be screened against viability criteria, shortlisted and voted on
by First Asset's selection team.