Bringing you live news and features since 2006 

ETF industry reaches silver jubilee

RELATED TOPICS​

The exchange traded fund industry has reached its silver jubilee with the first ever ETF launched in Canada on the Toronto Stock Exchange 25 years ago this week.

That first fund, the TIPS ETF listed nearly three years before the first US ETF, the SPDR S&P 500 ETF (SPY) listed on 29 January, 1993.
 
“Twenty-five years marks an important milestone for the ETF industry which has grown significantly on many measures. ETFs have become a democratic investment tool and solution that are used by institutional investors, financial advisors and retail investors around the world to allow them to easily, transparently and at a lower cost than many other financial gain access to many asset classes and to developed, emerging and frontier markets,” says Deborah Fuhr, managing partner of ETFGI and independent research and consulting firm based in London.   
 
The global ETF/ETP industry had 5,632 ETFs/ETPs, with 10,902 listings, assets of a record level of USD2.919 trillion in assets, from 245 providers listed on 63 exchanges in 52 countries at the end of February 2015, according to data from ETFGI’s preliminary monthly global ETF and ETP insight report.
 
At the end of February 2015, the Canadian ETF industry had 355 ETFs, with 502 listings, assets of USD65 billion, from 9 providers listed on the Toronto Stock exchange. Canada accounts for just 2.2% of the assets invested in ETFs/ETPs globally and has been an innovator in the ETF industry listing the first equity, fixed income and currency hedged ETFs to name a few of their firsts.
 
The TIPS ETF does not exist in its original form as it was merged on 7 March, 2000 with the HIPs (Hundred Index Participation Fund) tracking the TSX 100 index into the iUnits S&P/TSE Index Participation Fund (XIU CN). HIPs has subsequently been renamed as iShares S&P/TSX 60 Index ETF (XIU CN).

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by