TD Asset Management becomes Canada’s latest ETF provider

Apr 5th, 2016 | By | Category: ETF and Index News

TD Asset Management (TDAM) has become the latest asset manager in Canada to launch exchange-traded funds. The firm has unveiled six ETFs, listed on the Toronto Stock Exchange, that track the performance of Canadian fixed income markets as well as Canadian, US and international equities.

TD Asset Management becomes Canada’s latest ETF provider

TD Asset Management celebrated the launch of the firm’s first ETFs by officially opening the Toronto Stock Exchange on Monday 4 April 2016.

There are 384 ETFs and exchange traded notes listed on Toronto Stock Exchange with a combined market capitalization of over $98bn, as of 29 February 2016.

Nick Thadaney, President & CEO, Global Equity Capital Markets, TMX Group, said in a statement: “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.”

The continual entrance of new firms into the ETF space as fund providers is reflective of the momentum behind the ETF industry, as measured by assets under management. Last year a record number of ETF providers entered the US market and the global exchange-traded product industry attracted $370bn in net new assets, according to ETF industry consultant ETFGI.

TDAM’s range of ETFs and expense ratios include:
TD International Equity CAD Hedged Index ETF (THE) – 0.18%
TD International Equity Index ETF (TPE) – 0.18%
TD S&P 500 CAD Hedged Index ETF (THU) – 0.10%
TD S&P 500 Index ETF (TPU) – 0.10%
TD S&P/TSX Capped Composite Index ETF (TTP) – 0.07%
TD Canadian Aggregate Bond Index ETF (TDB) – 0.10%

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