BMO Bi-Annual ETF Report: Exchange Traded Funds Gaining Traction in 2012
- Canadian ETF market experiencing double digit growth in 2012; now stands at $50 billion in assets under management - Investors are favouring fixed income and dividend-based ETFs - Ongoing success of ETFs will be driven by price, additional suppliers and new distribution channels and strategies
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/05/12 -- According to the , issued today by BMO Global Asset Management (BMO GAM), the Canadian Exchange Traded Fund (ETF) industry is expected to continue its strong pace of growth through the rest of the year.
The industry currently stands at $50 billion in assets under management (AUM), up 15.9 per cent since the start of the year. The report predicts that ongoing growth in 2012 will, in part, be driven by competitive pricing, more choice, new suppliers, new distribution channels and the potential entry of actively-managed ETFs into Canada.
"Increased awareness of the benefits of ETFs among Canadians is translating into increased adoption rates," said Rajiv Silgardo, Co-CEO, BMO Global Asset Management. "The ETF space should continue to grow as long as suppliers continue to focus on innovation and anticipate the needs of investors."
Mr. Silgardo noted that BMO Asset Management Inc.'s ETF business has grown dramatically since being launched in 2009, with AUM recently surpassing $7 billion and increasing 16 per cent in the last two months alone.
According to the BMO Canadian ETF Outlook Update 2012, several notable trends are contributing to the Canadian ETF industry's impressive growth this year:
Looking ahead, the report examined the key drivers that will fuel asset growth in the Canadian ETF industry:
The report also noted that there must be a strong emphasis on client education for the ETF industry to continue to flourish.
"Although existing ETF users are becoming increasingly sophisticated, it's critical that newer investors also receive the same level of support to ensure a superb client experience," said Mr. Silgardo. Local expertise and on-the-ground specialists will be essential to ensuring new and existing clients get the education and support they need."
To view the full report or for more information on ETFs, please visit:
BMO ETFs are administered and managed by BMO Asset Management Inc., an investment fund manager and portfolio manager and a separate legal entity from Bank of Montreal.
BMO Global Asset Management comprises BMO Asset Management Inc., BMO Investments Inc., BMO Asset Management U.S. and BMO's specialized investment management firms.
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Datum: 05.09.2012 - 09:00 Uhr
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News-ID 180224
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