Canadian ETFs: room for growth

  Canada was the birthplace of the ETF when, in 1990, a fund tracking the TSX 35 Index was listed on the Toronto Stock Exchange. This marked the beginning of a fast-growing market, which now has more than US$1.5trn of assets under management globally. But while the US has more than 30 providers and a long list of potential new entrants, there are just six ETF issuers in Canada, with two more planning an entrance.  The market is still much smaller than the US in terms of assets and has far fewer products available to investors. US ETF assets sat at $969.4bn at the end of July, accordi...