Total assets under management reaches new high of $150 billion as TSX expands its leading roster of providers and listed funds
TORONTO, May 31, 2018 /CNW/ - TMX Group today announced that the exchange traded funds (ETF) sector on Toronto Stock Exchange (TSX) has reached a record high of approximately $150 billion in assets under management (AUM), as of April 30, 2018. Total AUM* of listed ETFs listed on TSX has more than doubled in the past five years. In the first four months of 2018, TSX listed 35 new ETFs and welcomed three new institutions to its group of ETF providers: Bristol Gate Capital Partners Inc., Brompton Funds Limited and Scotia global asset management - the fourth major Canadian bank to offer ETFs.
"The ETF sector is experiencing unprecedented growth as Canadians continue to choose these innovative products as a means of diversifying their investment portfolios," said Loui Anastasopoulos, President, Capital Formation, TMX Group. "Since the launch of the world's first ETF here 28 years ago, Toronto Stock Exchange has supported the ETF industry along its evolutionary path to becoming a mainstream investment vehicle. We remain committed to working closely with our issuer clients to help pave the way to sustained success into the future."
In total, TSX is home to 28 providers:
TSX is a strong supporter of the ETF industry through several initiatives, including its cross-Canada ETF Exchange roadshow geared to advisors and portfolio managers. The series kicked-off in Calgary on May 15, followed by Edmonton on May 16, and will continue in Toronto on June 5, and London on June 12. TSX is also a proud sponsor of the inaugural Inside ETFs Canada conference in Montreal on June 21-22, 2018.
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.
*Quoted market value (QMV) is used as a proxy for assets under management (AUM)
About TMX Group (TSX:X)
TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities and fixed income. Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, Trayport and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Beijing and Singapore. For more information about TMX Group, visit our website at 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 or issuers. 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 TMX Group Limited
For further information: Catherine Kee, Manager, Corporate Communications, TMX Group, 416-814-8834, [email protected]