TORONTO, Sept. 6, 2013 /CNW/ - Toronto Stock Exchange (TSX) today announced that it now has more than 300 exchange traded products (ETPs) listed. Purpose Investments Inc. listed five exchange traded funds (ETFs) this week, which enabled TSX to achieve this new milestone.
There are now 284 ETFs and 17 exchange traded notes trading on TSX. The number of listed products has increased by 40% in the past two years bringing the total market cap to approximately $70 billion as of August 31, 2013. There have been 30 new ETFs listed so far this year.
"The 301 ETPs on TSX provide broad access and exposure to many asset classes, sectors and geographic regions, as well as many key investment strategies," said Ungad Chadda, Senior Vice President, Toronto Stock Exchange. "We are pleased to have achieved this new milestone and we are very proud of our solid track record of fostering innovation in the ETP universe."
TSX is home to 10 ETP providers, including Barclays, BMO Exchange Traded Funds, First Asset Exchange Traded Funds, First Trust Portfolios Canada, Horizons ETFs Management ( Canada) Inc., iShares ETFs by BlackRock, PowerShares Canada, Purpose Investments Inc., RBC Global Asset Management Inc. and Vanguard Investments Canada Inc.On September 17, 2013, TSX, together with Bloomberg and the CFA Society Toronto, will host an ETF Masters Forum for sophisticated market participants. The forum will focus on institutional investing strategies and best trading practices for ETFs. About TMX Group (TSX:X) TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada ( Montreal, Calgary and Vancouver), in key U.S. markets ( New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup. This is not an invitation to purchase securities listed on Toronto Stock Exchange. TMX Group and its affiliates do not endorse or recommend any of the referenced securities. Please seek professional advice to evaluate specific securities. SOURCE Toronto Stock Exchange