BlackRock Asset Management Canada Limited and its iShares Business to Join the CETFA
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2015) - The Canadian ETF Association ("CETFA") is pleased to announce that Blackrock Asset Management Canada Limited (BlackRock Canada) has joined the Association.
"CETFA welcomes BlackRock Canada as the newest member of the CETFA. CETFA now has six ETF provider members that collectively represent 95% of the ETF assets in Canada," said Atul Tiwari, Chair of the CETFA. In addition, we have 22 affiliate and 14 portfolio manager members. All of this makes for a very strong voice representing the ETF industry in Canada, and fulfilling our mission of providing information, education and access to resources on the benefits of ETF investing.
"CETFA's mission to promote investor education and to address the regulatory environment for ETFs complements our long-standing efforts in these areas," said Warren Collier, Managing Director, and Head of iShares at BlackRock Canada. "We are seeing a shift where investors of all types are becoming increasingly aware of ETFs as well as a growing number of ETF products and providers coming to market, and it is our shared responsibility to ensure that ETF education is more accessible, and clearer, than ever before for investors."
Globally, the exchange traded products (ETPs) industry remains on record pace with US$202.4bn year-to-date versus US$181.7bn in 2014. And Canadian-listed ETPs gathered C$1.3bn during the month of August, extending their streak of consecutive inflows to 19 months(1).
About the Canadian ETF Association
CETFA is the national voice of Canada's ETF industry, representing the majority of ETF providers in Canada. Canadian investors have $84 billion invested in 370 Canadian-listed ETFs. As ETF usage continues to grow in Canada, CETFA seeks to educate Canadians on the appropriate use of exchange traded funds, as well as work proactively with members and regulators to ensure the ETF industry adopts best practices and standards.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian ETF Association