Four providers control the market

Article Excerpt

Four large global ETF providers dominate the global industry, with an estimated 75% market share. Three of them—Blackrock (iShares), Vanguard and State Street Global Advisors (SPDR)—are U.S. based. Deutsche Bank is the fourth. Sheer size allows each provider to offer exceptionally low management fees on many of its products. The relatively small but fast-growing Canadian ETF market is dominated by Blackrock Canada, with 117 ETFs and $57 billion in assets under management. BMO is in second place, with $42 billion. It’s followed by Vanguard Canada ($12 billion), Horizons ETF and RBC. Canadian ETF assets are spread across various asset classes, with the most popular being bonds and preferred shares. They’re followed by Canadian equities, U.S. equities and international equities. equities…