CI CI First Asset European Bank ETF Common
FHB.TO
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- CI First Asset European Bank ETF (FHB.TO) is an actively managed exchange traded fund (ETF) listed on the Toronto Stock Exchange that provides investors with long-term total returns through capital appreciation and regular dividend income from a portfolio primarily comprised of equity securities of European banks. The ETF offers exposure to leading financial institutions across Europe, targeting growth and income opportunities in the banking sector; it focuses on actively selected stocks to outperform benchmarks while managing risk. Issued and managed by CI Global Asset Management Inc., a subsidiary of CI Financial Corp., the fund operates within the broader CI GAM lineup of over 100 ETFs serving Canadian and international investors. Originally launched by First Asset Capital Corp., which was acquired by CI Financial in 2015, the ETF traces its roots to the mid-2010s expansion of First Asset's non-traditional ETF offerings, including factor-based and covered call strategies. Headquartered in Toronto, Ontario, Canada, CI Global Asset Management oversees the fund's operations alongside global distribution through investment dealers and platforms targeting retail, advisor, and institutional clients. The ETF pays regular monthly distributions, with recent payouts announced for periods including September and November 2025, supporting income-focused strategies. In recent developments, the ETF underwent a merger in 2021 with CI First Asset Global Financial Sector ETF (FSF.TO) at a ratio of approximately 0.316643:1, resulting in a taxable disposition for unitholders and portfolio consolidation to enhance scale and efficiency; this followed CI GAM's proposed changes to its ETF lineup announced in early 2021. CI GAM has continued active management post-merger, with ongoing distributions and no reported structural changes since, amid the firm's broader growth including the 2025 acquisition of Forge First Asset Management to bolster alternatives offerings. The parent CI Financial, founded in 1965, maintains ETF assets under management exceeding $13 billion as of recent reports, positioning FHB.TO within a robust, diversified platform.