First Asset announces new exchange traded fundBy The IJ Staff | September 20 2017 11:30AM
First Asset Investment Management announced Sept. 19 that its new exchange traded fund offering, the First Asset Cambridge Global Dividend ETF, has begun trading on the Toronto Stock Exchange. Hedged units will be under the ticker symbol FCW, and unhedged units will be under FCW.B.
The ETF is managed by the First Asset affiliate Cambridge Global Asset Management. “Our goal is to ensure that investors have the opportunity to take advantage of investment opportunities in a format best suited to their portfolio needs. Our differentiated investment philosophy remains consistent, allowing us to look for opportunities to deliver value and support the growth of wealth over time,” says Stephen Groff, principal and portfolio manager, Cambridge Global Asset Management.
Dividend income and capital gains
The ETF aims to provide investors with attractive total investment return consisting of dividend income and capital gains, mainly by investing in equity and equity-related securities of issuers world-wide.
"We are pleased to continue to partner with Cambridge Global Asset Management, a highly respected and well known portfolio management team,” says Rohit Mehta, president of First Asset. “As a firm, we are dedicated to providing premier products, services and support to advisors, and First Asset Cambridge Global Dividend ETF represents a valuable, actively managed ETF that delivers the strength and capabilities of Cambridge with the benefits of an ETF; including transparency, intraday trading and low cost."