How ETFs have reshaped the financial services business

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

How ETFs have reshaped the financial services business GlobeInvestor

ETFs have come a long way since Toronto 35 Index Participation Units, which were known as TIPs and tracked the TSX 35 index, were first listed on the Toronto Stock Exchange on March 9, 1990.When Terry Shaunessy started his own investment company in 2001, becoming one of the first firms in Canada to invest exclusively in exchange-traded funds , clients had a lot of questions.

It’s a product pitch that he and other financial advisors have been making since not long after the first ETF – Toronto 35 Index Participation Units, which were known as TIPs and tracked the TSX 35 index – was listed in Canada on the Toronto Stock Exchange exactly 30 years ago on March 9, 1990. The simplicity and transparency of ETFs – as well as their ability to meet or even beat active fund managers at a low cost – is forcing advisors to define their business models more clearly, including “why they’re here and what they deliver for clients,” Mr. Grace says.

“ETFs have enabled advisors to become much more confident in going toward the portfolio management function,” he adds, including building exposure in areas outside of their expertise, such as gold, high-yield bonds or international stocks. As the number of ETFs continues to grow, Ms. Hagerman says advisors have gained more access to good quality, global and diversified products.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business as usual at movie box office amid coronavirus concernsNorth American audiences are not staying away from theatres amid virus concerns, according to the weekend's box office numbers, as Disney and Pixar's 'Onward' topped the charts. Now playing... FeelTheBern2020 That's a hard no... I think I’ll save my $50 ticket and food price and wait a month for it to come on demand and spend a fraction of the price on snacks 🤣🤣🤣🤣
Source: CTVNews - 🏆 1. / 99 Read more »

A business-as-usual approach is most needed amid trying times such as coronavirus‘I ain’t playing if I ain’t got the fans in the crowd,’ LeBron James said Saturday. ‘If I show up to an arena and there ain’t no fans in there, I ain’t playing. They can do what they want to do’ Globe_Sports Yep, put one’s head in the sand and pretend this is not happening? Globe_Sports every infected countries and cities are cancelling large gathering event, they are not stupid. whoever ignores this risk will pay the price eventually, it's simple logic and common sense. unfortunately many Canadian officials is way behind the curve.
Source: globeandmail - 🏆 5. / 92 Read more »