Key stats
About CI GLOBAL ASSET MANAGEMENT INC MORNINGSTAR CANADA MOMENTUM INDEX ETF
Home page
Inception date
Feb 13, 2012
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Primary advisor
CI Investments, Inc.
Distributor
First Asset Investment Management, Inc.
Identifiers
3
ISIN CA12554M1068
The fund employs a multifactor take on the Canadian equity market by combining technical price momentum indicators with upward earnings estimate revisions. Starting with the companies that are listed, incorporated, domiciled, and have their primary business in Canada, the fund initially narrows down the selection through a liquidity screen which leaves the top third of the universe. Remaining securities are then scored and ranked based on: i) return on equity (20%), ii) 3-, 9- and 12-month price momentum (40%), iii) 90-day fiscal earnings estimate revision (30%), and iv) last quarterly earnings (10%). The fund holds a concentrated portfolio of 30 equally-weighted securities. The index rebalances and reconstitutes quarterly. Prior to April 22, 2021, the fund name was CI First Asset Morningstar Canada Momentum Index ETF.
Related funds
Classification
What's in the fund
Exposure type
Retail Trade
Finance
Non-Energy Minerals
Utilities
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
FSSTF trades at 27.92 USD today, its price has risen 52.77% in the past 24 hours. Track more dynamics on FSSTF price chart.
FSSTF net asset value is 35.34 today — it's risen 4.07% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
FSSTF assets under management is 1.06 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
FSSTF invests in stocks. See more details in our Analysis section.
FSSTF expense ratio is 0.74%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, FSSTF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, FSSTF pays dividends to its holders with the dividend yield of 1.18%.
FSSTF trades at a premium (0.22%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
FSSTF shares are issued by CI Financial Corp.
FSSTF follows the Morningstar Canada Target Momentum Index - CAD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 13, 2012.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.