Toronto-headquartered CI Financial has agreed to acquire WisdomTree Asset Management Canada, the Canadian ETF business of WisdomTree Investments. The transaction will see CI Financial add 14 WisdomTree ETFs collectively housing approximately C$960 million to its ETF family. Kurt MacAlpine, CEO of CI Financial, commented, “As Canadians increasingly adopt the ETF structure, the addition of WisdomTree’s Canadian operations will expand our line-up of mandates and increase the scale of our ETF business”.

First Asset Investment Management has unveiled a new actively managed ETF in Canada – the CI First Asset High Interest Savings ETF (CSAV CN) – which seeks to maximize monthly income by investing in high-interest deposit accounts. “Many investors need to hold cash in their portfolios but end up sacrificing returns to achieve safety and liquidity,” said Rohit Mehta, President of CI First Asset ETFs. “The CI First Asset High Interest Savings ETF has been designed to be a higher-yielding alternative to holding cash directly while preserving the benefits of daily liquidity, convenience, and flexibility.”

First Asset Investment Management has announced it is to close its Toronto-listed First Asset Cambridge Core US Equity ETF and First Asset Cambridge Global Dividend ETF products on 30 November 2018.

First Asset Investment Management has launched the First Asset Enhanced Government Bond ETF (FGO CN) on Toronto Stock Exchange. Co-managed by Marret Asset Management, the ETF aims to provide both interest income and capital appreciation by investing primarily in government debt issued globally.

First Asset Investment Management has announced that the First Asset Can-Energy Covered Call ETF (OXF CN) is to close. The fund, currently listed on Toronto Stock Exchange, will be de-listed on 15 February 2018.

First Asset Investment Management has launched a new share class of the First Asset Tech Giants Covered Call ETF (Toronto: TXF) which will trade under the ticker code TXF.B.

First Asset Investment Management has launched the First Asset MSCI International Low Risk Weighted ETF on the Toronto Stock Exchange, providing exposure to a portfolio of low volatility equities from developed international countries.

First Asset has launched the First Asset US TrendLeaders Index ETF (SID) on the Toronto Stock Exchange, offering exposure to a portfolio of US equities selected due to the strength of their recent price trends.

Assets invested in actively managed exchange-traded funds and exchange-traded products listed globally reached a new record high of $40.3bn at the end of Q3 2016, according to data from London-based ETF industry consultant ETFGI. During September, actively managed ETFs/ETPs saw net inflows of $574m, contributing to year-to-date net inflows of $3.9bn for the asset type. Only nine actively managed ETFs/ETPs, out of a total 293, have managed to reach the coveted $1bn AUM milestone.

First Asset has launched three equities ETFs on the Toronto Stock Exchange, offering investors access to tactical rotation, low volatility and multi-factor strategies. Each ETF follows a proprietary rules-based index developed by CIBC Capital Markets, a leading provider of quantitative index strategies in Canada and the United States. Barry Gordon, President and Chief Executive Officer, First Asset, commented: “This is a unique opportunity for investors to benefit from a range of quantitative indices designed by one of Canada’s leading index strategy teams, while also enjoying the benefits of the ETF structure.”