Canadian ETF knowledgebase
The fund has been designed to replicate, to the extent possible, the performance of the Morningstar Canada Momentum Index, net of expenses.
The investment strategy of the First Asset Morningstar Canada Momentum Index ETF is to invest in and hold constituent securities of the Morningstar Canada Momentum Index.
The First Asset Morningstar Canada Momentum Index ETF invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which have demonstrated, among other things, positive momentum in earnings and price.
The Morningstar Canada Momentum Index invests in equity securities of the largest and most liquid Canadian issuers based on proprietary research generated by Morningstar, and is designed to provide diversified exposure to Canadian issuers which have demonstrated, among other things, positive momentum in earnings and price.
It is a Fundamental Index, screening stocks using Fundamental factors including:
The Index is comprised of the top 30 issuers that meet the screening requirements, and are equally weighted and rebalanced quarterly.
|Category (main)||Canadian Equity - Fundamental & Momentum|
|Category (other)||Fundamental & Momentum|
|Underlying Index||Morningstar Canada Momentum Index|
|ETF Structure||Passive type. Aims to track Fundamental index|
|Sub-Asset Class||Equity - Fundamental & Momentum|
|ETF Home Page||Available here|
|Inception Date||Feb 15, 2012|
|Significant Currency Exposure||No|
|Currency Hedging||Not applicable|
|Management Expense Ratio (MER)||Unknown *|
* Not available yet
|Exchange||TSX (Toronto Stock Exchange)|
|Eligibility *||RRSP, RRIF, RESP, TFSA, DPSP, RDSP|
|DRIP available **||Unknown|
|PACC Plan available **||Unknown|
|SWP available **||Unknown|
* Always check eligibility with your plan operator as plans and accounts can differ
** Not all brokers can facilitate these plans. Check with your broker.
To view the TSX or Morningstar fund page for this ETF click on the Fund Data menu tab or below:
Canada ETFs's analysis of this ETF will be available soon.