TORONTO, March 9, 2015 /CNW/ -- Canada is home to the first ever ETF and on Monday, March 9th, the ETF will celebrate its 25th anniversary at its birthplace - Toronto. TIPs was the first ETF in the world and was launched in 1990 by the Toronto Stock Exchange. To celebrate the occasion members of the association and industry at large will be ringing the bell to open the TSX. Throughout 2015, there will be events planned to celebrate the occasion – as well as several publications produced to help the public and advisors become more familiar with ETFs.
The ETF industry in Canada continues to grow and was at an all-time high of $86.1 Billion in assets at the end of February with inflows of approximately $2 billion in January and February alone. Canadian investors and advisors have embraced ETFs and the benefits of ETFs including their low-cost and range of investment options. We expect the industry to continue to grow at a rapid pace as advisors and investors continue to incorporate the benefits ETFs in their portfolios. The nine providers in Canada currently offer almost 425 ETFs.
"It's been incredibly exciting to see the trajectory of ETFs, and their continued adoption in Canada, and globally," said Atul Tiwari, managing director of Vanguard Investments Canada Inc., and incoming Chair of the CETFA. "ETFs are a powerful tool that give investors low-cost, transparent access to markets with precision, the ETF is arguably the most disruptive innovation the fund industry has seen in decades. Whether its investors, advisors or large institutions, ETFs have really put everyone on the same playing field. ETFs have empowered us all to build portfolios that can truly reflect the unique goals and objectives of each investor."
The Canadian ETF Association is the first and most active ETF Association in the world – working to promote ETFs and to provide information, education and access to resources on ETF investing. Our mission is simple; to provide information, education and access to resources on ETF investing in Canada for both advisors and investors. With 37 Members, three Committees and five Working Groups it has become a valuable asset to the financial services industry.
As an Association we are proud that the Canadian ETF industry is taking the lead in product development.
SOURCE Vanguard Investments Canada Inc.; Canadian ETF Association
For further information: Pat Dunwoody, Executive Director, CETFA, email@example.com, www.vanguard.com