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First Asset sees largest growth in Canadian ETF industry


First Asset Investment Management has seen the highest percentage of growth among Canadian exchange-traded fund companies during the months of June and July, with CAD47.5m in ETF asset inflows.

First Asset launched its ETF product line two years ago with a focus on delivering superior risk-adjusted returns.
It has found success in both the fixed income and equity categories through collaboration with DEX Universe Bond Indices and Morningstar Indices.
Barry Gordon (pictured), president and chief executive of First Asset, says: "It’s been a remarkable year so far – as a firm we have seen a 78.7 per cent growth in ETF assets since January, we have three of the top four performing Canadian equity category ETFs, and First Asset Morningstar Canada Value Index ETF (FXM) is currently ranked as Canada’s top performing ETF on a one year basis."

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