- ORIGINAL NEWS
‘One of the most important innovations in investing’: TMX CEO jumps deeper into ETFs
- SUMMARY
The Toronto Stock Exchange’s parent company recently bought VettaFi, an ETF education company.
This move is part of their plan to expand their exchange-traded fund business around the world.
ETFs have been a popular investment option lately, and even though activity has slowed down a bit this year, it’s still higher than in previous years.
By acquiring VettaFi, the Toronto Stock Exchange hopes to make it easier for companies to create new ETFs.
These new products will help a wider range of investors make money.
The company currently has over 1,200 ETFs listed and is looking to create new ones that focus on Canada’s economic strengths.
They hope to reach investors from all over the globe.
Since the acquisition was announced, the company’s shares have gone up by 11%.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“The deal helps expand its exchange-traded fund business globally.”
“ETF providers can create new products and great solutions so that they can reach a broader investing audience.”
Negative