ETF Canada
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CANADA 5First Asset  announces three new exchange traded funds that will commence trading on the Toronto Stock Exchange ("TSX") on Tuesday, July 10, 2012 under .....


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          the following ticker symbols:

          Fund                                                                              Common   Management

                                                                                                           Units(i)          Fee

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          First Asset DEX Government Bond Barbell Index ETF           GXF        0.20%

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          First Asset DEX Corporate Bond Barbell Index ETF            KXF        0.25%

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          First Asset DEX All Canada Bond Barbell Index ETF           AXF        0.25%

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          (i) Also available in Advisor Class under GFX.A; KFX.A; AXF.A

          Each First Asset DEX ETF is unique in the Canadian marketplace and has been designed to replicate, to the extent possible, the performance of a particular PC-Bond DEX Bond Barbell Index on a low cost basis, as described below.

          First Asset DEX Government Bond Barbell Index ETF

          The First Asset DEX Government Bond Barbell Index ETF has been designed to replicate, to the extent possible, the performance of the DEX Government Bond Barbell Index, net of expenses. The DEX Government Bond Barbell Index is comprised of Canadian federal government, provincial government and municipal government bonds. The Index is divided into two buckets, each representing approximately 50% of the total market value, with the short maturity bucket comprised of floating rate notes and fixed coupon bonds with at least 1 year to maturity but less than 2 years to maturity, and the long maturity bucket comprised of fixed coupon bonds with at least 10 years to maturity but less than 20 years to maturity.

          First Asset DEX Corporate Bond Barbell Index ETF

          The First Asset DEX Corporate Bond Barbell Index ETF has been designed to replicate, to the extent possible, the performance of the DEX Corporate Bond Barbell Index, net of expenses. The DEX Corporate Bond Barbell Index is comprised of investment grade fixed income securities issued by Canadian corporations, as well as special purpose companies utilized and fully and unconditionally guaranteed by Canadian corporations that are federally regulated entities by the Office of the Superintendent of Financial Institutions Canada, where such company is a financing vehicle for the corporation in question. The Index is divided into two buckets, each representing approximately 50% of the total market value, with the short maturity bucket comprised of floating rate notes and fixed coupon bonds with at least 1 year to maturity but less than 2 years to maturity, and the long maturity bucket comprised of fixed rate bonds with at least 10 years to maturity but less than 20 years to maturity.

          First Asset DEX All Canada Bond Barbell Index ETF

          The First Asset DEX All Canada Bond Barbell Index ETF has been designed to replicate, to the extent possible, the performance of the DEX All Canada Bond Barbell Index, net of expenses. The DEX All Canada Bond Barbell Index is comprised of Canadian federal government, provincial government and municipal government bonds (the "government bonds"), and investment grade fixed income securities issued by Canadian corporations and special purpose companies utilized and fully and unconditionally guaranteed by Canadian corporations that are federally regulated entities by the Office of the Superintendent of Financial Institutions Canada, where such company is a financing vehicle for the corporation in question (the "corporate bonds"). The Index is divided into two buckets, each representing approximately 50% of the total market value, with the short maturity bucket comprised of floating rate notes and fixed coupon bonds with at least 1 year to maturity but less than 2 years to maturity, and the long maturity bucket comprised of bonds with at least 10 years to maturity but less than 20 years to maturity.

          Barry Gordon, President and CEO of First Asset ETFs advises investment advisors and investors to consider a barbell ETF as part of a prudent, risk mitigation strategy, "The First Asset Barbell Bond ETFs and the DEX Indexes which they replicate allocate investment grade fixed income securities in a balanced way, combining 50% short term and floating rate bonds with 50% in higher yielding longer term bonds – an ideal combination to maintain a strong yield while mitigating inflation and interest rate risk and protecting the value of your portfolio, on a low cost basis."

          About Barbell Investing

          A barbell bond investment strategy is implemented, as the name implies – with 50% weighting in short term bonds and floating rate notes and a 50% weighting in long term bonds, with nothing in the middle.

          In effect, it balances “defensive” holdings in the short bucket with “offensive” holdings in the long bucket. The 50% in the short duration instruments – floaters and fixed rate bonds with near term maturities, provides minimal duration (interest rate) risk, and provides significant available capital to benefit from rising short term interest rates. That defensive positioning preserves capital and allows an investor to benefit from rising short term yields. The 50% invested in the longer duration instruments provides higher current income investors need in a low rate environment, as well as exposure to longer term bonds in the event that long term rates remain unchanged or decline.


          Source: ETFWorld - First Asset ETF

          WMCR
          Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)

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