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Executives from TD Asset Management Inc. (TDAM) will join Toronto Stock Exchange (TSX) to open trading this morning to celebrate the launch of their new exchange traded fund (ETF) business. Last week, TDAM's six new passive ETFs began trading on TSX, including products designed to track the performance of Canadian fixed income markets as well as Canadian, U.S. and international equities.
"TSX is proud to welcome TD Asset Management ETFs to our Exchange. TDAM has been a great sponsor of the industry and our firm for many years," said Nick Thadaney, President & CEO, Global Equity Capital Markets, TMX Group. "We have a rich history in supporting the successful growth of the ETF marketplace and we remain committed to serving this segment into the future. ETFs have become a vital part of Canada's markets and a great example of the dynamic and diverse products we offer to investors."
To celebrate the listing on TSX, Tim Wiggan, CEO, TDAM, will join Mr. Thadaney to open trading this morning at 9:30 a.m. ET.
As of February 29, 2016, there were 384 ETFs and exchange traded notes listed on TSX with a combined market capitalization of over $98 billion. For more information on ETFs and other exchange traded products, visit TMX Group's ETF Centre at: http://app.tmxmoney.com/etp/. The portal provides in-depth information on ETFs, including basic education, investment strategies and videos.
