The 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, Toronto-based TMX Group Ltd. announced on Thursday.
In the first four months of the year, the exchange added 35 new ETF listings, and three new fund firms — Bristol Gate Capital Partners Inc., Brompton Funds Limited and Scotia Global Asset Management — to its roster of ETF providers, which now totals 28 firms.
Between the growing number of ETF providers, net inflows into the sector, and market gains, total AUM of the ETFs listed on the TSX has more than doubled over the past five years/
“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, at the TMX Group, in a statement.