FYI: Canada’s exchange-traded fund market has reached a saturation point and any firms with less than C$1 billion ($767 million) in assets should be “very concerned” about the future, according to the sales chief at one of the country’s top providers.
Canada is swimming in ETFs, with 725 listed funds versus 2,130 in the U.S., according to data from National Bank of Canada. That means Canada, with 1/10 the population of the U.S., has more than three times the number of ETFs per capita. Last year Canada added 169 new products compared with 270 in the U.S.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-08-27/canada-near-peak-for-new-etf-players-horizons-sales-chief-says?srnd=etfcenter
