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Our readers often ask us about exchange-traded funds -- how they work, why they should use them, whether they really work better than active management, and which ETFs are the best for which sectors.
Rajiv Silgardo, one of the pioneers of ETFs in Canada, took your questions during a live chat Wednesday at Globe Investor. He's the head of the Bank of Montreal's ETF unit and the former head of rival iShares. If you're seeing this on a smartphone, you'll want to click here.
Rajiv Silgardo joined BMO Asset Management Inc. (formerly Jones Heward) in 2009 as chief executive officer and co-chief investment officer. He brings to his position over 26 years experience in the investment industry specializing in the area of quantitative active and index fund management.
For the prior 14 years, Mr. Silgardo was CIO of Barclays Global Investors Canada Limited, where he was instrumental in the development of their quantitative Canadian active equity strategies as well as the establishment and growth of their dominant ETF franchise. In 2007 Mr. Silgardo was voted one of the 10 most powerful and influential people in the Canadian investment industry. He is a past member of the TSX trading advisory committee and of the Board of Governors of the Bishop Strachan School. Rajiv also currently serves on the advisory board at The Ted Rogers School of Business at Ryerson University.
Mr. Silgardo holds a B. Comm. (Honours) and M.Com degrees from Delhi University, India and an MBA from the University of North Carolina at Chapel Hill. He is also a CFA charter holder.