First Asset Investment Management Inc. has announced that its First Asset U.S. TrendLeaders Index ETF began trading July 5 on the TSX under the ticker symbol SID.
"First Asset is dedicated to active strategies, be they ETFs managed on a discretionary basis by a portfolio management team, or ETFs based on active smart beta indexes,” said Rohit Mehta, President, First Asset Investment Management. “Consistent with this focus, we're pleased to launch the First Asset U.S. TrendLeaders Index ETF, capitalizing on the work of Chartered Market Technician and Executive Director at CIBC World Markets, Sid Mokhtari. Sid and his team have developed a trend-following model designed to consistently position investors in the best opportunities the US equity market has to offer."
First Asset says the ETF has been designed to replicate, to the extent possible, the performance of the CIBC U.S. TrendLeaders Index, net of expenses. This index is comprised of a portfolio of equity securities of U.S. companies.