New: First Asset MSCI Canada Quality Index Class ETF (TSX: FQC)

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

The Advantage of Tax Efficiency and Smart Beta Combined

TORONTO, May 4, 2016 /CNW/ - First Asset Investment Management Inc. ("First Asset") is pleased to announce the launch of First Asset MSCI Canada Quality Index Class ETF (the "Fund")(TSX:FQC); joining First Asset's series of tax efficient ETFs and introducing a new factor strategy into the family of First Asset Smart Beta ETFs.

The Advantage of Blue Chip Stock Selection through Smart Beta
FQC offers investors a way to participate in high quality, blue chip stocks by replicating, to the extent possible, the MSCI Canada Quality Index (the "Canada Quality Index"). The Canada Quality Index holds 25 Canadian companies, including large and mid-cap stocks with sustainable competitive advantages, durable business models, consistently improving earnings and healthy balance sheets by identifying stocks with high quality scores based on three main fundamental variables:  high return on equity (ROE), stable year-over-year earnings growth and low financial leverage.  The Canada Quality Index is constructed using an objective and transparent methodology that ensures trading liquidity, investment capacity and moderate index turnover.

First Asset Tax Efficient ETF Series
First Asset MSCI Canada Quality Index ETF is one of a series of new tax-efficient First Asset ETFs benefitting from, among other tax efficient opportunities, an expense sharing structure.  This series of ETFs offers tax-efficient distributions in the form of return of capital (ROC), capital gains, and/or dividend income.  More information about First Asset Tax Efficient ETFs is available at http://firstasset.com/solutions/corporate_class.  

First Asset MSCI Canada Quality Index Class ETF is the result of the merger of Can-Financials Income Corp. (TSX: FIC), a closed end fund into a new class of First Asset Fund Corp.  The Fund will commence trading today on the Toronto Stock Exchange under the symbol FQC.  

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.

First Asset MSCI Canada Quality Index ETF and the securities of that fund or any other fund referred to herein are not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such fund or securities or any index on which such fund or securities are based.  The prospectus contains a more detailed description of the limited relationship MSCI has with First Asset Investment Management Inc. and any related funds.

Please read the prospectus before investing. Important information about the Fund is contained in its prospectus. Individuals should seek the advice of professionals, as appropriate, prior to investing. Exchange Traded Funds ("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 Fund is managed by First Asset Investment Management Inc., 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

Please call Investor Relations, First Asset at 416-642-1289 or 1‐877‐642‐1289 or visit www.firstasset.com.