Momentum Continues in Toronto Stock Exchange ETF sector
May 31, 2018, TMX Newsroom
Total assets under management reaches new high of $150 billion as TSX expands its leading roster of providers and listed funds.
May 31, 2018 (TORONTO) – TMX Group today announced that the exchange traded funds (ETF) sector on Toronto Stock Exchange (TSX) has reached a record high of approximately $150 billion in assets under management (AUM), as of April 30, 2018. Total AUM* of listed ETFs listed on TSX has more than doubled in the past five years. In the first four months of 2018, TSX listed 35 new ETFs and welcomed three new institutions to its group of ETF providers: Bristol Gate Capital Partners Inc., Brompton Funds Limited and Scotia global asset management - the fourth major Canadian bank to offer ETFs.
There is no regulatory minimum purchase amount requirement for investments in a Fund made by investors who qualify under the Accredited Investor
Exemption. However, the minimum initial purchase amount established by the Manager for "accredited investors" is $25,000 (or such lesser amount that
the Manager may accept from time to time).
The criteria for qualification as an "accredited investor" is defined in National Instrument 45-106 of the Canadian Securities Administrators and is
set out in the Subscription Instructions of the Investment Application.
(2) Minimum Amount Exemption (not available to individuals)
The minimum amount for an initial investment in a Fund made by an investor purchasing under the Minimum Amount Exemption is $150,000 in each
province and territory.
Disclaimer: Information about the Arrow Capital Management Funds is not to be construed as a public offering of securities in any jurisdiction of
Canada. The offering of units of the Arrow Capital Management Funds is made pursuant to their respective offering memorandum only to those investors
in jurisdictions of Canada who meet certain eligibility or minimum purchase requirements. Important information about the Arrow Capital Management
Funds, including a statement of each fund's fundamental investment objective, is contained in their respective offering memorandum, a copy of which
may be obtained from your dealer. Read the applicable offering memorandum carefully before investing. Unit values and investment returns will