First Asset closes ETF

First Asset Investment Management Inc. is terminating the CI First Asset U.S. Tactical Sector Allocation Index ETF on or about Sept. 13.

The Toronto-based firm announced Friday it will request that the Toronto Stock Exchange (TSX) delist units of the fund on or about Sept. 12. Until then, the fund will continue to be listed on the TSX.

Following the termination date, net assets of the fund will be liquidated and distributed proportionately to unitholders, First Asset said in a release.

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