CETFA In The News

Vanguard Investments Canada Inc. joins the Canadian ETF Association

Vanguard Investments Canada Inc. Joins the Canadian ETF Association

The Canadian ETF Association (CETFA) announces that Vanguard Investments Canada Inc. has joined the association as its newest member firm. As a member firm, Vanguard will fill one of the managing director positions on the board, and participate equally with existing members in all operational and policy matters within CETFA.

Vanguard is pleased to be joining the CETFA,” said Atul Tiwari, Managing Director of Vanguard Investments Canada Inc. “In Canada, ETFs are becoming a low-cost investment vehicle of choice.  Canadian-listed ETF assets have more than doubled since 2008. We believe that growth will continue, and with it the need to work through challenges and opportunities facing ETFs, as well as the need to educate investors about ETFs.”

“The Canadian ETF Association is very pleased to have Vanguard Investments Canada Inc. join us as a full member,”said Howard Atkinson, the current chair of the Canadian ETF Association. “They are the sixth full member of the association and bring with them a wealth of knowledge and experience from their established global business which will support the development of the Canadian ETF market.”

 CETFA was created to be the Canadian ETF Industry's leading source for relevant ETF information and asset under management statistics. Through creating more awareness about ETFs, providing greater depth of education to investors and dealing with industry specific issues, both regulatory and structural, CETFA has taken an activist role on behalf of all ETF providers to improve industry practices and defend the positions of member firms.

Vanguard Investments Canada’s initial lineup of six exchange-traded funds (ETFs) was listed on Toronto Stock Exchange on December 6, 2011, and now has more than $245 million in total assets.

Vanguard's ETFs offer advisors and investors access to key portfolio building blocks, with the benefit of Vanguard’s low costs and proven index management expertise. Vanguard Investments Canada is a wholly owned indirect subsidiary of The Vanguard Group, Inc.

Vanguard is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages CAD $1.9 trillion in global assets.  Vanguard offers more than 170 funds to U.S. investors and more than 70additional funds in non-U.S. markets. For more information, please visit vanguardcanada.ca.

The Canadian ETF Association is the national body of ETF providers. Canadian investors have over $49 billion invested in more than 250 Canadian-listed ETFs. As ETF usage continues to grow in Canada, CETFA will seek to educate Canadians on the appropriate usage of exchange traded funds, as well as work proactively with members and regulators to ensure the ETF industry adopts best practice standards. Full Membership in CETFA is open to all Canadian ETF providers and supporting service providers to the ETF industry may also join as affiliate members.

Foradditional information contact:

Pat Dunwoody
February 29, 2012

(416) 603-7837

patdunwoody@cetfa.ca