FYI: The firm that created the world’s first marijuana exchange-traded fund and the first ETF run by a robot is betting that kind of innovation will allow it to reclaim third place in Canada.
Horizons ETFs Management Canada Inc. is going after Vanguard Investments Canada Inc., which ousted it from the number-three spot four years ago, by focusing on thematic funds that differentiate it from some of the passive indexing offered by its competitors. BlackRock Inc.’s iShares and Bank of Montreal’s BMO Asset Management hold the top two spots in Canada respectively.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-02-12/horizons-gunning-to-retake-third-spot-from-the-walmart-of-etfs
