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First Asset launches International Value and Momentum ETFs


First Asset Investment Management has launched two new exchange traded funds (ETFs) that track indexes based upon Morningstar's proprietary factor methodology. 

First Asset Morningstar International Value Index ETF (TSX: VXM) and First Asset Morningstar International Momentum Index ETF (TSX: ZXM) have closed the initial offering of their units and will begin trading on the Toronto Stock Exchange (TSX).

The ETFs are denominated in Canadian dollars and will be offered in CAD hedged and unhedged versions to provide investors with greater flexibility  The ETFs are also available in common and advisor units.

First Asset continues to broaden its suite of smart beta (or factor-based) ETFs that track Canadian, US, international and global indexes, providing Canadian investors with unique, smart, and low-cost investment solutions that are rooted in empirically proven investment methodologies designed to help Canadian investors achieve their financial goals. These new ETFs represent the only international value and momentum strategies available in Canada.

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