Bank of Montreal (BMO) predicts that exchange-traded products will take off in 2012, as the Canadian industry continues to consolidate and launch products, according to an article by Dow Jones Newswires posted on the Wall Street Journal.

BMO expects ETF strategies and structures to evolve as well-known firms are attracted to the ETF market.

While the Canadian ETF industry is still in its infancy, interest in the Canadian ETF market will grow as ownership continues to change and develop. The report cited the acquisition of Toronto-based Claymore Investments by BlackRock Inc. as one example of important change.

Asset growth of Canadian ETFs grew at a compounded annual rate of 18.5 percent over the past five years, and 28.6 percent over the past 10, the article said.

Head over to WSJ.com for further details.