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TORONTO, Nov. 12, 2015 /CNW/ - First Asset Core Canadian
Equity Income ETF (TSX: CSY) announces that it has completed the
previously announced conversion from a closed-end fund (Can-60
Income Corp.) to an exchange-traded fund. Today, outstanding
equity shares of Can-60 Income Corp. have been consolidated on a
1:3 basis and re-designated as ETF Shares of First Asset Core
Canadian Equity Income ETF, which trade on the Toronto Stock
Exchange under ticker "CSY".
"First Asset continues to lead in its
development of high quality ETFs that employ smart beta
methodologies, particularly multi-factor investing. Our Core
ETFs have proven popular with advisors who are committed to
including leading ETF solutions in their client
portfolios."
Barry Gordon,
President and CEO, First Asset Investment Management Inc.
Multi-Factor Investment Strategy: Smarter Beta
First Asset Core Canadian Equity Income ETF will use a
multi-factor portfolio optimization strategy, as is applied to
other First Asset Core ETFs. First Asset Factor Based ETFs focus on
factors including momentum, value, size, and volatility, which are
empirically proven to tilt portfolios to capture market premiums
with the goal of delivering better risk-adjusted returns over the
long term. By combining these well-known factors, First Asset Core
Canadian Equity Income ETF is designed to provide investors with
long term capital appreciation with an attractive risk adjusted
rate of return and aims to gain exposure to a well-diversified
portfolio with strong fundamentals and attractive levels of
dividend income.
First Asset Core Canadian Equity Income ETF may invest directly
in equity securities and/or indirectly in such securities through
other ETFs, including those managed by First Asset.
First Asset - Smart SolutionsTM
First
Asset is an independent investment firm focused on providing smart,
low cost solutions that address the real-world investment needs of
Canadians - capital appreciation, income generation and risk
mitigation. Rooted in strong fundamentals, First Asset's smart
solutions strive to deliver better risk-adjusted returns than the
broad market while helping investors achieve their personal
financial goals.
Please read the prospectus before investing. Important
information about the ETF is contained in its prospectus.
Individuals should seek the advice of professionals, as
appropriate, prior to investing. ETFs are not guaranteed, their
values change frequently and past performance may not be repeated.
Commissions, trailing commissions, management fees and expenses all
may be associated with an investment in ETFs. The ETF is managed by
First Asset Investment Management Inc.
SOURCE First Asset