Michael Cooke spoke in the opening remarks part of the Money Show. His talk was called “Past, Present and Future of the Global ETF Industry”. He is the senior vice president and head of Exchange Traded Funds for Mackenzie Investments. His company’s site is here.
Canada had the first ETF in 1990. Next was the SPX in 1993 and it is the largest. Growth in last decade represents all geographies. There are 7,000 ETFs worldwide. Both Institutions (like the Bank of Japan, Teaches Pension) and Individuals use ETS. 70% of stocks in ETFs are US. ETFs are relatively new to Japan. ETFs have local people running them. Canada is ahead of the curve in ETFs. There is great penetration in Canada.
ETFs used broadly by institutions and individuals. ETFs can serve as an active tool in investment portfolios. You can get proper asset class management with ETFs. When looking at ETFs costs, look at the net returns, not the fee. No or low fee ETFs may not give good returns.
What matters to investors when they select an ETF is liquidity and trading volume. Access and exposure are also important with ETFs. The ETF market is an efficient market. Costs are important but only when it produces good net returns. Look at the total cost of your investment. ETFs are the most innovative market today.
On my other blog I wrote yesterday about Trigon Metals Inc (TSX-TM, OTC-PNTZF) ... learn more. Next, I will write about Canadian Pacific Railway (TSX-CP, NYSE-CP) ... learn more on Friday, October 11, 2019 around 5 pm.
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