{"id":44650,"date":"2015-03-03T19:30:00","date_gmt":"2015-03-03T19:30:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2015\/03\/etf-first-asset-morningstar-canada-momentum-wxm\/"},"modified":"2015-03-03T19:30:00","modified_gmt":"2015-03-03T19:30:00","slug":"etf-first-asset-morningstar-canada-momentum-wxm","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2015\/03\/etf-first-asset-morningstar-canada-momentum-wxm\/","title":{"rendered":"ETF First Asset Morningstar Canada Momentum (WXM)"},"content":{"rendered":"<p>\u00a0<\/p>\n<p class=\"MsoNoSpacing\" style=\"text-align: justify;\"><span style=\"font-size: 10.0pt; font-family: 'Verdana',sans-serif; mso-bidi-font-family: 'Times New Roman';\">Let\u2019s take a look at the First Asset Morningstar Canada Momentum Index ETF (WXM on the TSX) as well as its constituents with the help of our PF Scan tool. It enables us to see where the portfolio sits on a <\/span><span style=\"font-size: 10.0pt; font-family: 'Verdana',sans-serif; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Arial; color: #222222; mso-fareast-language: EN-CA;\">wealth<\/span><span style=\"font-size: 10.0pt; font-family: 'Verdana',sans-serif; mso-bidi-font-family: 'Times New Roman';\"> creation basis (return on capital divided by cost of capital)(Y axis) and a future growth value basis (X axis).<\/span><a style=\"font-family: Verdana, sans-serif; font-size: 13.3333330154419px;\" href=\"\/wp-content\/uploads\/Content\/EN\/ETF-First-Asset-Morningstar-Canada-Momentum-WXM.pdf\"><img decoding=\"async\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAABQAAAAYCAYAAAD6S912AAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsMAAA7DAcdvqGQAAAAadEVYdFNvZnR3YXJlAFBhaW50Lk5FVCB2My41LjEwMPRyoQAAAN5JREFUSEvdlcENwyAMAIn64NkROkSePMoKzJERMgEzZMwoH1DkYhSiJDJgIvXRPk4Cy1xsS1bENE3Q9z2LYRjAOScAIIswxpCPc2itYVkWUoZE4ZYU7mSS9N6fPlyScoQiCZVSse2StEmIefM8wziOWWmzEPPWdRU5KVfYXfOC9E1Jb1WY4lSlTUJ8WMJaCywhwlkA9HCFz0B3ie0cR8KusMT\/CiURi\/x2y9m2SpSEry3pcThXCcJ917\/eMvmgRq1CXLHjLNMdR5DGkM4xLwjlSUgt+h2isOU3WsNaCx9FtNaZP8PEygAAAABJRU5ErkJggg==\" \/>\u00a0Download<\/a><\/p>\n<p class=\"MsoNoSpacing\" style=\"text-align: justify;\"><span style=\"font-size: 10.0pt; font-family: 'Verdana',sans-serif; mso-bidi-font-family: 'Times New Roman';\">As of Monday\u2019s close, First Asset\u2019s ETF <span class=\"apple-converted-space\"><span style=\"color: #222222; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;\">\u00a0<\/span><\/span><span style=\"color: #222222; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;\">(see Pf in the graphic of the attachment) <\/span>traded at a premium to its constituents\u2019 future growth value. Six constituents trade at a discount (CU, AC.B, T, BCE, PJC.A &#038; ACO.X) and one company is destroying wealth for its shareholders (BIR).<\/span><\/p>\n<p class=\"MsoNoSpacing\" style=\"text-align: justify;\"><span style=\"font-size: 10.0pt; font-family: 'Verdana',sans-serif; mso-bidi-font-family: 'Times New Roman';\">*Weight of a missing company in StockPointer is allocated to cash.<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Let\u2019s take a look at the First Asset Morningstar Canada Momentum Index ETF (WXM on the TSX) as well as its constituents with the help of our PF Scan tool. It enables us to see where the portfolio sits on a wealth creation basis (return on capital divided by cost of capital)(Y axis) and [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[619],"tags":[620,621,751],"class_list":["post-44650","post","type-post","status-publish","format-standard","hentry","category-intelligence-en-us","tag-etf-en-us","tag-etfs-en-us","tag-wxm-en-us"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.3 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ETF First Asset Morningstar Canada Momentum (WXM) - Inovestor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.inovestor.com\/en-us\/2015\/03\/etf-first-asset-morningstar-canada-momentum-wxm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETF First Asset Morningstar Canada Momentum (WXM)\" \/>\n<meta property=\"og:description\" content=\"\u00a0 Let\u2019s take a look at the First Asset Morningstar Canada Momentum Index ETF (WXM on the TSX) as well as its constituents with the help of our PF Scan tool. 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