CI Financial is officially into ETFs.
The company announced today that it has completed its acquisition of First Asset Capital Corp.
First Asset is a leader in providing actively managed and factor-based exchange-traded funds (ETFs) to the Canadian marketplace.
The company, which has approximately $3 billion in assets under management, also offers a suite of mutual funds and closed-end funds.
Terms of the transaction were not disclosed.
First Asset will continue to operate as a separate company under its own name and current management team.
CI will be working with First Asset to build on its leadership in the actively managed ETF sector.