TORONTO, ONTARIO--(Marketwire - Jan. 21, 2013) - First Asset is pleased to announce that First Asset DEX Provincial Bond Index ETF has closed its offerings of Common Units and Advisor Units. The fund will commence trading on the Toronto Stock Exchange ("TSX") when the markets open today under the following ticker symbol:
|First Asset DEX Provincial Bond Index ETF
|* Also available in Advisor Class under PXF.A
Barry Gordon, President and CEO of First Asset ETFs believes this ETF provides an attractive risk-adjusted return profile, given the spread between provincial government bonds and federal government bonds, "The DEX Universe Provincial Bond Index is a proven Index with an impressive track record of strong consistent performance and delivers a higher yield compared to the Canadian government bond universe. Our ETF replicates this government bond Index, and offers investors access to attractive investment grade provincial government bond yields and potential growth, on an efficient low cost basis."
First Asset DEX Provincial Bond Index ETF
The First Asset DEX Provincial Bond Index ETF has been designed to replicate, to the extent possible, the performance of a Canadian provincial government bond index, net of expenses. The index is the DEX Universe Provincial Bond Index™, a sub-index of the DEX Universe Bond Index™. The Index consists of semi-annual pay fixed rate provincial government bonds denominated in Canadian dollars, with an effective term to maturity of at least one year, a credit rating of BBB or higher and a minimum size requirement of $50 million per issue.
About First Asset
Founded in 1996, First Asset is a Canadian, independent investment management company that manages and administers in excess of $2.6 billion in assets. First Asset offers a diverse range of investment products including exchange listed investment funds, mutual funds and ETFs covering a variety of domestic and global mandates.
For further information, please contact Rob MacNiven, Investor Relations, First Asset ETFs at 1-877-642-1289 or visit www.firstasset.com.
"DEX Universe Provincial Bond Index™" and the "DEX Universe Bond Index™" are trademarks of PC-Bond, a business unit of TSX Inc. These marks have been sublicensed for use for certain purposes to First Asset by PC-Bond. The fund is not sponsored, endorsed, sold or promoted by PC-Bond, its affiliates or third party data suppliers and they make no representation, warranty, or condition regarding the advisability of investing in the fund."
This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The fund is not guaranteed, its value changes frequently and past performance may not be repeated.