Integrity Life Companies Launche
ETF Assets
Jump by $43.99 Billion
October 31, 2007
SAN DIEGO (ETFguide.com) - After passing the
$500 billion mark in August, exchange-traded funds (ETFs) added another $43.99
billion in September.
According to the Investment Company Institute (ICI), the combined assets of U.S.
listed ETFs grew to $551.10 billion.
This represents an 8.7 percent month-over-month increase and growth of 52.4
percent compared to September 2006 when ETF assets were $361.70 billion.
During September, the value of all ETF shares issued exceeded that of shares
redeemed by $20.55 billion. So far this year, ETFs have experienced a net
issuance of $79.86 billion.
ETFs are an emerging class of low cost index funds that trade like stocks. They
cover the broad asset class universe including domestic stocks, international
and emerging markets stocks, bonds, commodities, and currencies.
The Investment Company Institute (ICI) is a
national association of U.S. registered investment companies.
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