Toronto Stock Exchange (TSX) will mark the 3rd anniversary of the first ETF today with a special market event in memory of Canadian financial innovation that has transformed global investment.
The first world fund that is traded on the stock market, units to participate in the Toronto 35 (Tips) index, was launched on March 9, 1990, according to a press release. This product served as a prototype for modern ETF, which have since become one of the most popular investment vehicles globally.
The turning point highlights the pioneering role in Canada in the creation of investment vehicles that are now using millions around the world, and the Canadian ETF market has recently surpassed property in the amount of $ 600 billion in managing more than 1,000 products, according to TSX a statement.
“We are extremely proud to see that the ETF – Canadian invention – changed the financial markets and the way investors communicate with markets around the world,” said Loui Anastasopoulos, Toronto Stock Exchange CEO.
Over the decade, Canada has retained its leading position in ETF Innovation, according to TSX. Exchange is listed on the first World ETF with a fixed income 2000 and the first in the world Bitcoin ETF 2021. Continuing the trend of development of financial products.
At the end of January 2025, TSX ETFS held more than $ 560 billion in property under 1,073 products, according to a statement. In Canada, in Canada, they traded in the amount of $ 753 billion, with options available at 53 ETF via Montréal Exchange.
Graham MacKenzie, General Director of products traded on Exchange, on the edition, said in edition, “The Canadian ETF Ecosystem has undergone remarkable growth and innovation in the last 35 years.”
The anniversary celebration coincides with the recent expansion of the TMX group in the ETF industry. In January 2024. The company bought Vettafi, an American company for indexing and analytics, according to a press release.
