Toronto Stock Exchange Reaches Record Number of ETFs

Market open ceremony to celebrate significant milestone

TORONTO, July 20, 2017 /CNW/ - 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.

For more information on ETFs, visit TMX Group's ETF Centre at: http://app.tmxmoney.com/etp/.  The portal provides in-depth information on ETFs, including basic information and news regarding ETFs.

For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. The client moves into position for the market open ceremony at approximately 9:27 a.m. ET and the markets will open with the sound of a siren (the traditional market open on Toronto Stock Exchange) at 9:30 a.m. ET.

About TMX Group (TSX:X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy.Toronto Stock Exchange,TSX Venture Exchange,TSX Alpha Exchange,The Canadian Depository for Securities,Montréal Exchange,Canadian Derivatives Clearing Corporation,NGX,Shorcan,Shorcan Energy Brokers,AgriClear and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montréal, Calgary and Vancouver), in key U.S. markets (New York, Houston) as well as in London, Beijing and Singapore. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter: @TMXGroup.

This is not, and should not be construed as, an invitation to purchase securities listed on Toronto Stock Exchange. TMX Group and its affiliates do not endorse or recommend any of the referenced securities. Please seek professional advice to evaluate specific securities.

This news release is not intended to provide legal, accounting, tax, investment, financial or other advice and should not be relied upon for such advice.

SOURCE Toronto Stock Exchange

For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, catherine.kee@tmx.com


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