First Asset Morningstar US Value Index ETF Review (XXM.B) 2024

Last Updated: 3/7/2024

Wealth Awesome Rating: 65/100
This equity ETF has an MER of 0.68%. With higher than average fees, it’s a premium option. Managing 78 million in assets, it’s widely trusted by investors. Suitable for those seeking growth with a medium to high risk tolerance.
The Wealth Awesome ETF rating is based on identifying ETFs that are popular and well used, while keeping costs low.

XXM.B trades on the TSX exchange.
Looking to invest in general equity? Consider an general equity ETF as an easy way to get access. The First Asset Morningstar US Value Index (XXM.B) is one of the most popular ETF’s in Canada by market cap. Let’s take a closer look at this ETF here.  

What is the First Asset Morningstar US Value Index ETF

A general equity ETF, aiming for growth by investing in a broad range of stocks. This ETF has an MER of 0.68%. This ETF trades on the TSX exchange.

XXM.B stock price and other stats

ETF Key Stats

Exchange: TSX

Assets Under Management: $78MM

Expense Ratio: 0.68%

Price: $20.47 (Updated: 3/7/2024)

XXM.B Management Expense Ratio

XXM.B has a management expense ratio of  0.68% . The MER is significantly lower than what you can get with a mutual fund product offered by large banks.  

How to Buy  First Asset Morningstar US Value Index TSX ETF

You can buy  XXM.B on pretty much any online brokerage in Canada, since it trades on the TSX. If you are looking for some easy options take a look at these two:  
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Author Bio - Qayyum Rajan is a CFA Charterholder with 10+ years of finance experience and the co-creator of He has previously worked as a portfolio manager at RBC Dominion Securities and other roles at asset managers like Sentry Investments. He then started building websites and fintech apps to bring finance to everyone.

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