The Toronto Stock Exchange (TSX) recently commemorated a significant milestone as it celebrated 35 years of innovation in Exchange-Traded Funds (ETFs). The event included a special market close ceremony that brought together key figures from Canada’s ETF industry. This celebration marked the anniversary of the launch of the Toronto 35 Index® Participation Units (TIPs®) on March 9, 1990, which was the world’s first exchange-traded, index-linked product and laid the foundation for the modern ETF.

Over the years, ETFs have evolved into a prominent global investment tool, with the Canadian ETF market playing a leading role in the industry. TSX has been at the forefront of innovation in this sector, achieving significant milestones like listing the first fixed income ETF in 2000 and the first Bitcoin ETF in 2021. In a strategic move to further support the ETF industry, TMX Group, the owner of TSX, acquired VettaFi, a US-based company specializing in indexing, digital distribution, analytics, and thought leadership in January 2024.

The CEO of Toronto Stock Exchange, Loui Anastasopoulos, expressed pride in the transformative impact of ETFs, a Canadian creation, on global financial markets and investor engagement. He emphasized the commitment to collaborating with asset managers to advance the industry within Canada and globally through the enhanced services offered by TMX VettaFi.

As of January 2025, TSX ETFs managed a substantial asset under management (AUM) exceeding $560 billion across 1,073 products, with $753 billion worth of ETF units traded in Canada in 2024. Montréal Exchange, a subsidiary of TMX Group, facilitates options trading on 53 ETFs, contributing to the growth and vibrancy of the Canadian ETF ecosystem.

Graham Mackenzie, Managing Director of Exchange Traded Products at Toronto Stock Exchange, acknowledged the pivotal role played by clients, partners, and stakeholders in propelling the Canadian industry to surpass $600 billion in assets under management. The continuous growth and innovation in the Canadian ETF landscape over the past three and a half decades underscore the industry’s resilience and adaptability to evolving market dynamics.

For comprehensive information on ETFs listed on TSX, interested parties can visit tmx.com. Media representatives can access market close ceremonies through the TOC feed, with the client feature video scheduled to commence at approximately 3:59 p.m. ET, followed by the market close at 4:00 p.m. ET.

TMX Group, the parent company of Toronto Stock Exchange, operates global markets and provides digital communities and analytical solutions that support businesses, traders, and investors worldwide. With a diverse portfolio of services and a strong presence in key international markets, TMX Group continues to drive innovation and foster growth in the financial landscape.