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Screenshot of a breaking news alert e-mail from Q2 2017
Toronto Stock Exchange (TSX) today announced that it has reached a significant milestone with 500 exchange traded funds (ETFs) listed. This number has more than doubled in the past five years, bringing the total market capitalization of listed ETFs to approximately $130 billion as of June 30, 2017.
Reaching 500 ETFs is an incredible milestone both for the Canadian capital markets and TSX,” said Ungad Chadda, President, Capital Formation, Equity Capital Markets, TMX Group. “We are honoured to support the long list of ETF providers and the investors that benefit from these investment opportunities. As home to the world’s first ETF in 1990, TSX is very pleased to see how the sector has evolved and continues to grow at such an unprecedented pace.
ETF industry participants will join Mr. Chadda and Dani Lipkin, Head of Business Development, ETFs, TSX, to open trading this morning at 9:30 a.m. ET.
In the first six months of 2017, TSX listed 56 ETFs and welcomed five new providers: AGF Investments Inc., Desjardins Global Asset Management Inc., Excel Funds Management Inc., Franklin Templeton Investments and Manulife Investments. In total, TSX is home to 23 providers: Auspice Capital Advisors Ltd., BMO Exchange Traded Funds, First Asset Exchange Traded Funds, First Trust Portfolios Canada, Hamilton Capital Partners Inc., Harvest Portfolios Group, Horizons ETFs Management (Canada) Inc., iShares ETFs by BlackRock, Lysander Funds Limited, Mackenzie Investments, PowerShares Canada, Purpose Investments Inc., Questrade Wealth Management Inc., RBC Global Asset Management Inc., Sphere Investment Management Inc., TD Asset Management Inc., Vanguard Investments Canada Inc. and WisdomTree Asset Management Canada, Inc.
TSX continues to support the ETF industry through its inaugural cross-Canada ETF Roadshow geared to advisors and portfolio managers. The series kicked off in Calgary last spring and made stops in cities such as London and Regina, and will wrap up this fall in B.C.