First Asset Cambridge Core US Eq ETF Hdg
FCY.TO
Toronto Stock Exchange- -
CAD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Feb 2, 2018
- Similar Companies
- Business
- First Asset Cambridge Core US Equity ETF Hedged (FCY.TO) is an exchange-traded fund that provides actively managed exposure to a select group of US equity securities, primarily large- and mid-capitalization issuers, in which Cambridge Global Asset Management identifies the highest conviction opportunities; it employs Canadian dollar hedging to mitigate currency risk associated with US equity investments. The ETF offers unitholders long-term capital appreciation with an attractive risk-adjusted rate of return and consistent dividend income through its portfolio of equity securities focused on US issuers. Managed by First Asset Investment Management Inc., a subsidiary of CI Global Asset Management, the fund trades on the Toronto Stock Exchange and targets investors seeking US equity exposure with downside protection and income generation. The ETF's core offerings include hedged units (FCY.TO) alongside unhedged units (FCY.B), enabling investors to choose between currency-hedged and unhedged exposure to the same underlying portfolio of US equities selected via Cambridge's proprietary process. It operates within the asset management industry, serving retail and institutional investors primarily in Canada with a focus on North American markets. CI Global Asset Management, headquartered in Toronto, Ontario, oversees the fund following its 2020 rebranding from CI Investments Inc., with no direct parent company beyond CI Financial Corp. In recent developments, First Asset announced the termination of First Asset Cambridge Core US Equity ETF (TSX: FCY and FCY.B) alongside related Cambridge-partnered funds, with units ceasing trading on or about November 30, 2018, and full termination following delisting, reflecting a strategic rationalization of the ETF lineup under CI Global Asset Management. This closure aligns with broader portfolio optimizations by First Asset and CI GAM, including multiple ETF mergers, terminations, and rebrandings in subsequent years, such as the 2020 CI Investments rebrand to CI GAM and ongoing ETF consolidations through 2025. No new product launches or expansions for FCY.TO have occurred since the termination, and the ticker no longer actively trades, with historical data available for reference.