April 09, 2008 at 10:00 am by Tom Lydon
As far as exchange traded funds (ETFs) and exchange traded notes (ETNs) go, how lucrative was March madness? National Stock Exchange (NSX) announced that U.S.-listed ETF and ETN assets totaled $583 billion at the end of March 2008, a 28% increase from the end of March 2007, according to Mondovision.
Net cash inflow was $20.1 billion for the month of March. This finally reverses the trend of outflows seen in January and February, which lost $37.5 billion and $12.9 billion, respectively.
The number of ETFs in the United States has also grown by 48% in the last year. The current total is 703, up from 475 one year ago. And more ETF providers are entering the game: there are 30 now, up from 18 at this time in 2007.
These statistics include shares of open-ended ETF products, including listed shares of investment companies, grantor trusts, ETNs and commodity pools.
Tags | ETNs
