iShares Sold to CVC

Barclays has sold iShares, the biggest ETF family in Canada, to CVC Capital Capital Partners Group. As Larry MacDonald writes, the chances of MERs increasing are probably higher for the Canadian iShares ETFs than in the US, where there is lots of competition.

Here in Canada, although we have ETFs from Claymore and Horizons, only iShares is offering market-cap weighted index ETFs. While I was previously not that excited by the upcoming BMO ETF offerings, maybe having some competition in the market-cap weighted index ETF space will be a good thing for investors.