First Asset Licenses Morningstar Equity, Fixed Income, and Managed Futures Indexes for ETFs
December 13 2011 - 10:00AM
PR Newswire (Canada)
TORONTO, Dec. 13, 2011 /CNW/ - Morningstar, Inc. , a leading
provider of independent investment research, today announced that
First Asset Investment Management of Canada has licensed seven
Morningstar Indexes to serve as benchmarks for equity, fixed
income, and managed futures exchange-traded funds (ETFs). First
Asset expects to launch the ETFs on the Toronto Stock Exchange in
early 2012. MOR "We are pleased that First Asset has licensed our
indexes for its new exchange-traded funds," said Sanjay Arya,
senior vice president of Morningstar Indexes. "The use of passive
products in portfolio construction continues to evolve, and
investors are increasingly seeking rules-based strategies that can
harness market anomalies. Morningstar indexes draw on the wide
range of investment research from across the company to deliver
portfolio building blocks for investors to create diversified
portfolios." Equity Indexes Four indexes based on the highly
regarded investment research of CPMS, which a Morningstar
subsidiary acquired in 2009. Through CPMS, institutions access
quantitative North American equity research and portfolio analysis
on more than 700 Canadian and 2,200 U.S. stocks. -- Morningstar®
Canada Momentum IndexSM -- Morningstar® Canada Dividend Income
IndexSM -- Morningstar® Canada Value IndexSM -- Morningstar® US
Dividend Target 50 IndexSM Fixed Income Indexes Two broadly
diversified, highly liquid bond indexes with exposure to Canadian
and emerging market bonds. -- Morningstar® Canada Liquid Bond
IndexSM -- Morningstar® Emerging Market Composite Bond IndexSM
Alternative Index A fully collateralized futures index with
diversified exposure to global markets through highly liquid
exchange-listed futures contracts in commodities, currencies, and
equities. -- Morningstar® Diversified Futures IndexSM "We are
extremely pleased to be able to leverage Morningstar Indexes to
develop new solutions for the Canadian ETF marketplace. The
Morningstar indexes fit perfectly with First Asset and its
subsidiary XTF Capital's goal of delivering better risk-adjusted
investment solutions to Canadian investors," said Barry Gordon,
president and CEO of First Asset. "Canadian investment advisors and
investors are sophisticated and require alternatives and
complements to the market returns provided by traditional indexes.
Offering these Morningstar indexes as ETFs allows us to address
that need, and furthers our objective of providing the next
dimension of ETFs to Canadians." Morningstar originates more than
200 indexes that track a broad range of asset classes, including
global equities, fixed income, and commodities. These combine to
form an asset allocation index series. Currently, 29 ETFs and one
ETN track Morningstar Indexes. For more information about all of
Morningstar's indexes, visit http://indexes.morningstar.com. About
Morningstar, Inc. Morningstar, Inc. is a leading provider of
independent investment research in North America, Europe,
Australia, and Asia. The company offers an extensive line of
products and services for individuals, financial advisors, and
institutions. Morningstar provides data on approximately 330,000
investment offerings, including stocks, mutual funds, and similar
vehicles, along with real-time global market data on more than 5
million equities, indexes, futures, options, commodities, and
precious metals, in addition to foreign exchange and Treasury
markets. Morningstar also offers investment management services
through its registered investment advisor subsidiaries and has more
than $167 billion in assets under advisement and management as of
Sept. 30, 2011. The company has operations in 26 countries. About
First Asset and XTF Capital Founded in 1996, First Asset is a
Canadian investment management company that manages and administers
approximately $2.5 billion in assets as of November 30, 2011. 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. XTF Capital is an
affiliate of First Asset. XTF Capital's ETFs offer investment
strategies that strive for superior risk-adjusted returns on a
low-cost basis. The First Asset ETFs will not be sponsored,
endorsed, issued, sold or promoted by Morningstar, and Morningstar
makes no representation regarding the advisability of investing in
them. Morningstar Research Inc. CONTACT: Media Contacts:Alexa
Auerbach, 312-696-6481 or alexa.auerbach@morningstar.com
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