The Globe and Mail reports in its Saturday, Feb. 8, edition that Canada is a hub for ETF innovation, yet there are strong reasons to consider U.S.-listed funds. The Globe's Rob Carrick writes that TD Securities estimates Canadian investors hold about $60-billion in U.S. ETFs, compared with $530-billion in Canadian-listed funds. As many Canadians reassess their purchasing decisions regarding American products, TD outlines the key factors to consider when choosing between domestic and U.S.-listed ETFs. TD starts with fees, here the U.S. has an advantage. Even among the low-cost ETFs that track big indexes, U.S.-listed funds can be cheaper. The iShares Core S&P 500 ETF has a management expense ratio of 0.03 per cent, while the equivalent TSX-listed iShares Core S&P 500 Index ETF CADHedged ETF has a MER of 0.09 per cent. Another snapshot comparison: The Vanguard Total Stock Market ETF (has a MER of 0.03 per cent, and the Vanguard U.S. Total Market Index ETF has a MER of 0.17 per cent. U.S.-listed ETFs tend to be larger and more liquid, while major Canadian ETFs usually have tight bid-ask spreads. Additionally, the U.S. offers greater diversity, with about 4,000 ETFs compared with 1,570 in Canada.