First Asset Cambridge Core Canadian Equity ETF (FCE.TO) is an exchange-traded fund that seeks long-term capital appreciation and consistent dividend income through active management of a portfolio of Canadian equities. The ETF invests directly and through other funds in stocks of companies operating across diversified sectors in the public equity markets of Canada, targeting attractive risk-adjusted returns for investors. It was managed by First Asset Investment Management Inc., a CI Financial company, with operations focused on the Canadian market.
Core offerings include exposure to a select group of Canadian equity securities selected for their fundamental strength and growth potential; dividend-yielding stocks across sectors such as financials, energy, materials, industrials, consumer discretionary, and technology; and strategies emphasizing low turnover and tax efficiency. The fund provides unitholders with monthly distributions and aims to outperform broad Canadian equity benchmarks through bottom-up stock selection. Geographically, it operates exclusively in Canada, with listings on the Toronto Stock Exchange.
Launched around 2016, the ETF was headquartered in Toronto, Ontario, under First Asset's oversight. In a major development, First Asset terminated the fund effective October 2019 due to low assets under management, with delisting from the TSX on August 18, 2019, and final net asset value distributions of $20.4581 per unit paid to unitholders on August 24, 2019. This closure followed a series of changes to First Asset's ETF lineup, including prior valuation announcements and strategic rationalizations in 2017-2018, marking the end of the Cambridge Core branded products. No subsequent relaunches or active operations have been reported as of 2025.