Vancouver, British Columbia, February 8, 2012 - XTF Capital Corp., which is owned by First Asset Capital, has launched a new Index Exchange Traded Fund, which will trade on the Toronto Stock Exchange, under the symbol QXM.
InvestmentPitch.com has produced a "video news alert" about the XTF Morningstar National Bank Quebec Index ETF. If this link is not enabled, please visit www.InvestmentPitch.com and enter "QXM" in the search box.
The XTF Morningstar National Bank Quebec Index ETF, was developed in association with National Bank of Canada, and will reflect the performance of equities with issuers headquartered in Quebec, and is weighted according to the market capitalization of the companies.
The largest holdings will include SNC-Lavalin Group, Bombardier, Metro Inc, National Bank of Canada, and CN Railway.
Both the National Bank and the Caisse de depot et placement du Quebec invested $15 million each in order to create the fund.
Laurent Ferreira, Executive VP and Managing Director, Derivatives at National Bank, stated, "This is the very first ETF to allow the individual and any other investor to be exposed to close to sixty Quebec-based companies - in a single step."
The ETF was initially priced at $10 per unit.
Purchasers should be aware that there are two types of units. The Consumer units are intended for do-it-yourself investors and those using fee-based advisor accounts, and will have a management fee of 0.5%. There is also an Advisor series, which trades under the same symbol, but with the extension "A", having the symbol QXM.A. The Advisor series will have an additional .75% annual management fee, which reflects a trailer fee which is paid to the advisor as compensation. This will, of course, result in a lesser return to the investor.
For more information about this new ETF contact your own advisor, or Joan Beauchamp at the National Bank.  She can be reached at 514-394-6500 or by email at joan.beauchamp@bnc.ca.
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