- The Toronto Stock Exchange marked the 35th anniversary of the world’s first exchange-traded fund (ETF) with a special market close event featuring guests from across Canada’s ETF industry
- The Toronto 35 Index Participation Units, or TIPs, launched on March 9th, 1990, as the world’s first exchange-traded, index-linked product, serving as the prototype for the modern-day ETF
- In January 2024, TMX Group (TSX:X), owner and operator of TSX, broadened and enriched its support of the ETF industry with the acquisition of VettaFi, a US-based indexing, digital distribution, analytics, and thought leadership company
- TMX Group stock (TSX:X) last traded at C$51.85
The Toronto Stock Exchange marked the 35th anniversary of the world’s first exchange-traded fund (ETF) with a special market close event featuring guests from across Canada’s ETF industry.
The Toronto 35 Index Participation Units, or TIPs, launched on March 9th, 1990, as the world’s first exchange-traded, index-linked product, serving as the prototype for the modern-day ETF. Over the years, ETFs have grown into a leading global investment vehicle, with the Canadian ETF market remaining at the forefront of the industry. TSX has led the way in innovation, including listing the world’s first fixed income ETF in 2000 and the world’s first Bitcoin ETF in 2021.
In January 2024, TMX Group (TSX:X), owner and operator of TSX, broadened and enriched its support of the ETF industry with the acquisition of VettaFi, a US-based indexing, digital distribution, analytics, and thought leadership company.
“We are extremely proud to see that ETFs—a Canadian invention—have changed the financial markets and the way that investors interact with markets around the world,” Loui Anastasopoulos, CEO of Toronto Stock Exchange said in a news release. “We look forward to working with asset managers to continue to build this industry in Canada, as well as through our investment in TMX VettaFi to extend the services we offer on a global scale.”
At the end of January 2025, TSX ETFs held over C$560 billion in assets under management (AUM) across 1,073 products. In 2024, C$753 billion worth of ETF units were traded in Canada. Options on 53 ETFs trade on the Montréal Exchange, Canada’s derivatives exchange and a wholly-owned subsidiary of TMX Group.
“The Canadian ETF ecosystem has experienced remarkable growth and innovation in the past 35 years,” Graham Mackenzie, managing director of Exchange Traded Products at Toronto Stock Exchange, added. “We are thankful to our clients, partners, and stakeholders who have helped the Canadian industry reach a significant milestone of C$600 billion in assets under management.”
TMX Group operates global markets and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. Its key subsidiaries include Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange.
TMX Group stock (TSX:X) last traded at C$51.85 and has risen 50.25 per cent since this time last year.
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(Top image generated with AI.)
