The Individual Investor's Guide to Exchange-Traded Funds
by Maria Crawford Scott
Total assets have increased to $640 billion as of July 31, up 9.8% from last years $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.
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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.
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