29.07.2016 - Canada’s ETF industry crosses $100-billion mark
Canada’s exchange-traded fund industry is on pace for another record year, with more than $10.6-billion in inflows so far in 2016, says BMO Global Asset Management’s semi-annual ETF Outlook Report, released Thursday. The report also says assets under management have surpassed the $100-billion mark, which is double what the industry had under management four years ago. This growth is expected to continue, said Mark Raes, BMO Global Asset Management Canada’s head of product. “I’m surprised with all their benefits, [ETFs are] not more mainstream and accepted now,” he said. “Especially compared to the United States. We have some catching up to do.”..............................................Full Article: Source
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