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First Asset launches Core Canadian Equity Income ETF


First Asset Core Canadian Equity Income ETF has completed its previously announced conversion from a closed-end fund (Can-60 Income Corp) to an exchange-traded fund. 

Outstanding equity shares of Can-60 Income Corp. have been consolidated on a 1:3 basis and re-designated as ETF Shares of First Asset Core Canadian Equity Income ETF, which trade on the Toronto Stock Exchange under ticker "CSY".
"First Asset continues to lead in its development of high quality ETFs that employ smart beta methodologies, particularly multi-factor investing,” says Barry Gordon, President and CEO, First Asset Investment Management Inc. “Our Core ETFs have proven popular with advisors who are committed to including leading ETF solutions in their client portfolios."
First Asset Core Canadian Equity Income ETF will use a multi-factor portfolio optimisation strategy, as is applied to other First Asset Core ETFs. First Asset Factor Based ETFs focus on factors including momentum, value, size, and volatility, which are empirically proven to tilt portfolios to capture market premiums with the goal of delivering better risk-adjusted returns over the long term. By combining these well-known factors, First Asset Core Canadian Equity Income ETF is designed to provide investors with long term capital appreciation with an attractive risk adjusted rate of return and aims to gain exposure to a well-diversified portfolio with strong fundamentals and attractive levels of dividend income.
First Asset Core Canadian Equity Income ETF may invest directly in equity securities and/or indirectly in such securities through other ETFs, including those managed by First Asset.  

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