Merger in the canadian ETF universe
Blackrock, the largest Exchange Traded Fund (ETF) provider in Canada, buys Claymore, the second largest. Their combined assets under management (AUM) will represent more than 83% of the ETF market in Canada.
Here is the link to their news release.
After the arrival of Vanguard in the canadian ETF market, this merger is another signal representing the growing interest in ETF's. Idema Investments closely monitors the ETF offered in Canada with the ongoing objective of offering low cost customized ETF portfolios.
