CFRA, one of the world’s largest providers of independent investment research, announced the release of a new data product focused on Canadian-listed Exchange Traded Funds (ETFs) that provides CFRA clients with the same level of detail the firm has long made available covering the U.S. ETF landscape.
Read More: GlobalFintechSeries Interview with Erick Pinos, Ecosystem Lead at Ontology
Now, for the first time, users will be able to get in-depth looks at Canadian ETF constituent holdings, granular classifications and key reference fields, which include issuer, expense ratio, strategy, and underlying index, as well as historical returns for each fund since inception.
“The Canadian ETF marketplace is one of the largest in the world, with well over $150 billion in assets and more than 30 fund sponsors that have products listed on Canadian exchanges,” said Aniket Ullal, Head of ETF Data & Analytics for CFRA. “Until now, there has not been a data solution that captures the nuances of the different ETF share classes specific to the Canadian marketplace. We’ve sought to fill that void, while also leveraging our proprietary fund data framework created specifically for ETFs, so these fast-growing new funds aren’t forced into out-of-date categories and classifications.”
“We’re very excited to add this Canada-focused ETF data offering to our U.S. capabilities, and look forward to announcing similar data and analytics offerings focused on the world’s other major ETF marketplaces,” added Ullal, who prior to joining CFRA was the founder of First Bridge Data, LLC, which was acquired by CFRA in 2019.
In the investment research space, wealth managers, financial advisors, and investment management firms will be able to scan the universe of Canadian ETFs to find specific asset classes, strategies, and types of exposures while simultaneously comparing specific ETFs based on cost, investment objectives, and holdings. It will also be possible to analyze the underlying constituents across ETFs to better understand sector, factor, and other risk exposures.
Read More: GlobalFintechSeries Interview with Ashish Singhal, CEO and Co-Founder at CRUXPay
