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ETF Assets Rise by $3.19 billion
October 1, 2008
SAN DIEGO (ETFguide.com) - According to the Investment Company Institute (ICI) the combined assets of
U.S. exchange-traded funds (ETFs) rose $3.19 billion to $585.97 billion in August.
This is a 0.5% increase compared to July and an increase of 15.6% or $78.86 billion compared to August 2007, when ETF assets were $507.11 billion.
During August the value of all ETF shares issued exceeded that of shares redeemed by $10.65 billion.
Want to Profit by Investing in ETFs? Learn more.
ETFs are low cost index funds that trade in a similar fashion to stocks.
Also, ETFs are renowned for their versatility; they can be bought and held, sold short, or leveraged with margin.
The U.S. ETF marketplace currently consists of roughly 750 products.
The ICI is a national association of
U.S. registered investment companies.
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