Canadian ETF Association (CETFA) is seeking to expand its membership, The Wall Street Journal reports. The newly launched ETF group currently has Bank of Montreal ETFs, Claymore Investment and Horizons Exchange Traded Funds as members.
First Asset Capital and Invesco Trimark are also expected to join CETFA. The group has extended an open invitation to iShares ETFs. CETFA is also considering discussing ETF classification by different classification services, such as Morningstar.
Click here for the story from The Wall Street Journal.