First Asset Investment Management Inc. has launched four ETFs built on MSCI risk weighted equity indexes.
“The MSCI Risk Weighted Indexes are uniquely designed to provide broad market exposure to the geographical regions they represent, while being weighted on the basis of low volatility,” says Barry Gordon, First Asset CEO. “We believe these new ETFs, which aim to replicate the MSCI indexes, provide Canadian investors excellent diversification and attractive risk-adjusted returns.”
First Asset MSCI USA Low Risk Weighted ETF (RWU) and First Asset MSCI Europe Low Risk Weighted ETF (RWE) will commence trading today on the TSX.
First Asset MSCI World Low Risk Weighted ETF (RWW) and First Asset MSCI Canada Low Risk Weighted ETF (RWC) are expected to commence trading on the TSX on February 19, 2014.
These ETFs will be denominated in Canadian dollars, and will be offered in hedged and unhedged versions.