The Individual Investor's Guide to Exchange-Traded Funds: 2009
The dramatic growth in exchange-traded funds (ETFs) has come to an abrupt halt, although the fund industry did experience some growth over the last year.
Total assets have increased to $640 billion as of July 31, up 9.8% from last year’s $582 billion (excluding HOLDRS), according to the Investment Company Institute, an investment company trade organization. The assets include $258 billion in broad-based U.S. stock ETFs, $128 billion in U.S. sector stock ETFs, $166 billion in global and foreign stock ETFs, and $87 billion in bond ETFs.
Not surprisingly, most of the growth has occurred in the bond category, which saw an 85% increase in total assets over the course of a year. Broad-based stock ETFs actually saw a slight decrease in assets.
...To continue reading this article you must be registered with AAII.
Already registered with AAII? Login to read the rest of this article.
to read this article and receive access to future AAII.com articles.
Cara Scatizzi is a former associate financial analyst at AAII.