|
Integrity Life Companies Launche
ETF Assets grow by $10.86 billion
May 8, 2007
SAN DIEGO (ETFguide.com) - According to the
Investment Company Institute (ICI), the combined assets of U.S. exchange-traded
funds (ETFs) grew by $10.86 billion to $444.26 billion in March.
While the month-over-month increase from February to March was a modest 2.5
percent gain, the year-over-year figures show strong asset growth. Since
March 2006, total ETF assets have jumped 34.9 percent or by $115.05 billion.
During March, the value of all ETF shares issued exceeded that of shares
redeemed by $6.40 billion.
ETFs are an emerging class of index funds that trade like stocks. Not counting
commodity and currency pools, currently there are 452 U.S. listed ETFs.
The ICI is a national association of U.S.
registered investment companies.
|
