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Published on Jun 23, 2011
Howard Atkinson, President, Horizons Exchange traded Funds Inc., & Chairman CETFA; Som Seif, President & CEO, Claymore Investments, Inc & Managing Director CETFA & Rajiv Silgardo, CEO, BMO Asset Management & Managing Director CETFA, joined Janis Koyanagi, Vice President, Business Development and Strategy, TMX Group to open the market to launch the Canadian ETF Association (CETFA). CETFA is an independent national association that will represent and promote the Canadian ETF industry. Currently, Canadian investors have approximately $41 billion invested in nearly 200 Canadian-listed ETFs. As ETF usage continues to grow, the CETFA will seek to educate Canadians on the appropriate usage of exchange traded funds, and proactively work with members and regulators to ensure the ETF industry adopts best practice standards.