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Integrity Life Companies Launche
ETF Assets rise by $8.45 billion
March 2, 2007
SAN DIEGO (ETFguide.com) - According to the Investment Company Institute
(ICI), the combined assets of U.S. exchange-traded funds (ETFs) grew by $8.45
billion to $431 billion in January.
While the month-over-month increase from
December to January represented a modest 2 percent gain, the year-over-year
figures reveal the explosive inflows ETFs have had. Since January 2006, ETF asset growth soared
34.8 percent or by $111.36 billion.
Asset flows have been particularly strong in the currency, international and
specialty categories.
During January, the value of all ETF shares issued exceeded that of shares
redeemed by $2.99 billion.
ETFs are an emerging class of index funds that trade like stocks and at present
there are a total of 418 U.S. listed funds.
The Investment Company Institute (ICI) is a
national association of U.S. registered investment companies.
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