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Integrity Life Companies Launche
ETF Assets Rise by $36.30 Billion
February 5, 2008
SAN DIEGO (ETFguide.com) - According to the Investment Company Institute (ICI),
the combined assets of U.S. exchange-traded funds (ETFs) increased by $36.30 billion to
$608.42 billion in December.
The latest asset figures represent a 6.3 percent decrease compared to November,
but the year-over-year numbers still show surging ETF assets.
Since December 2006, ETF assets have jumped by 44 percent or by $185.87 billion.
During December, the value of all ETF shares issued exceeded that of shares
redeemed by $44.52 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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