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Canada’s exchange-traded fund (ETF) industry is continuing to grow.
According to a report from BMO Global Asset Management, the industry had $70.1 billion in assets under management at the end of June, up 11.1% from year-end 2013.
“Capital markets are continuing to perform well, and this has been reflected in the continued growth of the ETF industry in Canada,” says Rajiv Silgardo, co-CEO, BMO Global Asset Management.
The report identified three key factors that have played a significant role in the ETF industry so far this year: competition and growth, easy exposure to international markets and smart beta products.
Caroline Cakebread will provide more details on the report next week.
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