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Integrity Life Companies Launche
ETF Assets Decline by $16.05 Billion
January 2, 2008
SAN DIEGO (ETFguide.com) - According to the Investment Company Institute (ICI),
the combined assets of U.S. exchange-traded funds (ETFs) fell $16.05 billion to
$572.12 billion in November.
The latest asset figures represent a 2.7 percent decrease compared to October,
but the year-over-year numbers still show surging ETF assets.
Since November 2006, ETF assets have jumped by 39.2 percent or $161.05 billion.
The value of all ETF shares issued during November 2007 exceeded that of shares
redeemed by $8.74 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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