First Asset Investment Management has launched the First Asset MSCI International Low Risk Weighted ETF, which is now on the Toronto Stock Exchange (TSX) under the ticker symbols RWX and RWX.B.
RWX are Canadian dollar hedged units and RWX.B are unhedged units.
“Today we expand our suite of MSCI Index-based ETFs to include the First Asset MSCI International Low Risk Weighted ETF (TSX: RWX and RWX.B). MSCI is a market leader in global equity indexes and has approximately CAD1.9 trillion in assets benchmarked to the MSCI EAFE index suite. This new ETF allows advisors to participate in the growing opportunity set available within the international equity market in a manner that seeks to minimise both volatility and the impacts of market drawdowns.”