Five more of First Asset Investment Management’s ETFs have reached passed their three-year anniversary.
"First Asset is delighted to report outstanding performance results at this important three year milestone. We are considered by many to be pioneers of smart beta ETFs in Canada and the absolute return, the return relative to benchmarks, and risk-adjusted return metrics of our factor based index ETFs continue to validate the advantages of smart beta,” says Barry Gordon, President and CEO, First Asset Investment Management Inc. “First Asset Morningstar Canada Value Index ETF and First Asset Morningstar Canada Momentum Index ETF are just two of many examples of First Asset solutions that have delivered impressive results and that meet real-world needs of Canadian investors. These are what we call Smart Solutions."
First Asset Morningstar Canada Value Index ETF (TSX:FXM) has exceeded its benchmark returns by 6.78% achieving an annualised return of 17.18% since inception and has grown to more than $180 million in AUM.
First Asset Morningstar Canada Momentum Index ETF (TSX:WXM) has delivered an annualised return of 19.78% since inception, doubling its benchmark. Outperformance over the past one, two and three years is equally impressive.