Integrity Life Companies Launche
ETF Assets
Cross $500 Billion
September 28, 2007
SAN DIEGO (ETFguide.com) - The exchange-traded
fund (ETF) industry is now part of the 500/500 club.
After passing the 500 fund threshold earlier in the year, ETFs have now broken
the $500 billion barrier.
According to the Investment Company Institute (ICI) the combined assets of U.S.
ETFs grew $18.25 million to $507.11 billion in August. This is a 3.7 percent
increase compared to July and an increase of 40.9 percent or $147.22 billion
compared to August 2006.
Still, ETFs are a drop in the bucket compared to mutual funds, which have $11.4
trillion in managed assets.
During August, the value of all ETF shares issued exceeded that of shares
redeemed by $15.62 billion. So far this year, ETFs have experienced a net
issuance of $59.31 billion.
The Investment Company Institute (ICI) is a
national association of U.S. registered investment companies.
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