| ETF Express celebrates Canadian ETF industry The Toronto Board of Trade saw the Canadian ETF industry celebrating their wins in the inaugural ETF Express Canadian ETF awards this week. Canada invented the ETF back in 1990, and the industry in the country still enjoys a reputation for innovation, having launched the first psychedelic ETF, crypto ETF and the first covered-call ETF.
To view the winners please click here.
Canada also delights in having an ETF trade association, the impressive CETFA, run by Pat Dunwoody. Why does no other geographical location have an ETF trade association? It now seems like a ridiculous oversight, when you see the good work being done.
Other news this week saw Bloomberg Intelligence’s report that active ETFs are
the flavour of the month with investors in the US, having raised USD44 billion so far in 2023. Legacy asset managers like DFA, JPMorgan, Capital Group and American Century have led the charge into active ETFs, notes BI, and the firm expects these asset managers to stay the course.
Still in the US, we have an interview with Vigilant’s Donna DiMaria, who warns that the SEC is getting serious on implementing its Marketing Rule. "The SEC made the effective date of the rule two-year years from the time of its approval," DiMaria says. "The industry had a huge ramp-up period to get ready for it and a surprising number of firms weren’t ready and scrambled at the last minute."
This week, we have been operating from Toronto, Canada but we bid farewell to the city and next week sees us coming from Monte Carlo as I attend IMPower FundForum, chairing and speaking at a number of ETF sessions.
Beverly Chandler, Managing Editor
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