It is 26 years since Canada started the $3 trillion exchange-traded funds revolution when the Toronto Stock Exchange listed the Toronto 35 Index Participation fund. It took three years for the US to take advantage of the innovation, starting with State Street's launch of the SPDR S&P 500 ETF.

In March 2016, Canada is set to break new ground again with the launch of the first platform-traded fund, or PTF, on the Aequitas NEO Exchange.