First Asset ETFs Actively Managed by Cambridge Global Asset Management

First Asset Cambridge Core Canadian Equity ETF
First Asset Cambridge Core U.S. Equity ETF

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TORONTO, Sept. 23, 2016 /CNW/ - First Asset Investment Management Inc. ("First Asset") is pleased to announce the launch of  First Asset Cambridge Core Canadian Equity ETF (TSX: FCE) and First Asset Cambridge Core U.S. Equity ETF (TSX:FCY and unhedged: FCY.B). Both will commence trading today on the Toronto Stock Exchange and are managed by Cambridge Global Asset Management, an affiliate of First Asset.   

"These ETF solutions demonstrate our ongoing commitment to providing financial professionals with choice in tools to navigate the evolving investment landscape. Our differentiated investment philosophy remains consistent allowing us to look for opportunities to deliver value and support the growth of wealth over time."

Brandon Snow
Principal and Chief Investment Officer
Cambridge Global Asset Management

Concentrated Actively Managed Equity Portfolios
First Asset Cambridge Core Canadian Equity ETF invests in an actively managed portfolio comprised primarily of equity and equity-related securities of large and mid-capitalization Canadian issuers.  First Asset Cambridge Core U.S. Equity ETF invests in an actively managed portfolio comprised primarily of equity and equity-related securities of large and mid-capitalization U.S. issuers. It is expected that each portfolio will typically consist of 20-25 holdings, each representing between 3-5% of the portfolio. Issuers that offer good value and the potential for growth in their industry are considered alongside factors like market penetration, earnings estimates and quality of management.

Cambridge Global Asset Management
Cambridge Global Asset Management manages over $15 billion in assets on behalf of retail and institutional clients. The Cambridge philosophy is centered on true active management, downside risk management, and the personal alignment of manager-client interests. The team is led by five Principals: Brandon Snow, Alan Radlo, Robert Swanson, Stephen Groff and Greg Dean. Cambridge Global Asset Management is a division of CI Investments Inc.

First Asset – Smart Solutions^TM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. 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 each First Asset ETF is contained in its prospectus. Individuals should seek the advice of professionals, as appropriate, prior to investing. The First Asset 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 the First Asset ETFs.

Each First Asset ETF is managed by First Asset, a subsidiary of First Asset Capital Corp. (FA Capital). ^TMFirst 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". ^®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.

SOURCE First Asset

First Asset Investor Relations, 416-642-1289 or 1-877-642-1289 or www.firstasset.com