New ETF Series and Fund Conversions Commence Trading on TSX
The latest in this situation
How it started
What happened
Forge First Asset Management Inc., a subsidiary of CI Global Asset Management, launched new ETF series and U.S. dollar hedged series for its liquid alternative funds on the Toronto Stock Exchange. These include the CI Forge First Conservative Alternative Fund and the CI Forge First Long Short Alternative Fund. Separately, Lysander Funds Limited completed the conversion of the Canso Credit Income Fund into an exchange-traded fund, which began trading under the ticker PBY.
Why it matters
The launch of these new alternative fund ETFs and the conversion of the Canso Credit Income Fund to an ETF structure expands the selection of investment mandates available to investors. This transition supports secondary market liquidity and trading efficiency for the funds involved.
Who's involved
- Toronto Stock ExchangeThe stock exchange where the new ETF units and converted fund began trading.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New ETF listings may boost TMX Group's revenue and operationsNew ETF listings could boost TMX Group's revenue and operational scopeLikely
- New ETF listings may increase Bank of Montreal's trading servicesIncreased ETF trading activity may boost Bank of Montreal's financial services revenue.Possible
- New ETF listings may expand J.P. Morgan Asset Management's scopeIncreased ETF activity on the TSX may expand trading opportunities for asset managersPossible
How it developed
Newest first. Tap a step to see who reported it.- An ETF from Global X Investments Canada Inc. begins trading on the Toronto Stock Exchange.Sub-event
- ETF units commenced trading on the Toronto Stock Exchange.Sub-event
- A fund trades on the Toronto Stock Exchange (TSX) as MPY and reports from its Toronto office.Sub-event
ETF units commenced trading on the TSX.1 source
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The entities involved
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Ontario
company
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Toronto Stock Exchange
stock exchange in Canada
- Mic announces that MCAN Mortgage has qualified as a Mortgage Investment Corporation in Canada, is listed on the Toronto Stock Exchange, and offers term deposits eligible for CDIC insurance.
- Vanguard and Picton commissioned reports comparing Canadian investment portfolios against the S&P global market.
Related events
- Ishares Core SP 500 Index ETF began trading on the Toronto Stock Exchange.
- BlackRock launched an ETF providing Bitcoin exposure, which began trading on the Toronto Stock Exchange.
- TD Asset Management Inc. launched a new ETF fund series that is trading on the Toronto Stock Exchange.
- A company provides services across North America and is utilizing the Toronto Stock Exchange for market entry.
- Blossom Gold Inc. continues trading on the Toronto Stock Exchange and expands its trading access into the US.
Coverage
Newest first; wire copies grouped- standard-freeholder.com
- manilatimes.netCanso Credit Income Fund Completes Conversion to Exchange-Traded Fund and Commences Trading on Toronto Stock Exchange