CI completes acquisition

The acquisition of a major independent firm opens up a whole new world

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.
 
 

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