Last week, Canadian upstart exchange Aequitas NEO announced its first ETF listing, and in response to that PR promotion, Toronto Stock Exchange (TSX), a subsidiary of TMX Group fired back with a slapshot, thanks to TD Asset Management (TDAM) listing and launching six new ETFs.
(TradersMagazine) Executives from TD Asset Management opened trading of its new exchange traded fund business at the Toronto Stock Exchange. Last week, TDAM’s six new passive ETFs began trading on TSX, including products designed to track the performance of Canadian fixed income markets as well as Canadian, U.S. and international equities.
“TSX is proud to welcome TD Asset Management ETFs to our Exchange. TDAM has been a great sponsor of the industry and our firm for many years,” said Nick Thadaney, president & CEO, Global Equity Capital Markets, TMX Group.
He added, “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.”
To celebrate the listing on TSX, Tim Wiggan, CEO, TDAM, joined Thadaney to open trading this morning.
As of February 29, 2016, there were 384 ETFs and exchange traded notes listed on TSX with a combined market capitalization of over $98 billion.