Toronto-based TMX Group Ltd. announced on Thursday that the number of ETFs traded on the Toronto Stock Exchange (TSX) has more than doubled in the past five years, hitting a new high 500.
This influx now brings the total market capitalization of ETFs listed on the exchange to approximately $130 billion as of June 30. In total, TSX is home to 23 providers of ETFs.
“Reaching 500 ETFs is an incredible milestone both for the Canadian capital markets and the TSX,” says Ungad Chadda, president of capital formation, equity capital markets, TMX Group, in a statement.
“We are honoured to support the long list of ETF providers and the investors that benefit from these investment opportunities,” he adds. “As home to the world’s first ETF in 1990, TSX is very pleased to see how the sector has evolved and continues to grow at an unprecedented pace.”
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