May 08, 2008 at 1:00 am by Tom Lydon
U.S.-listed exchange traded fund (ETF) and exchange traded note (ETN) assets climbed upward for the month of April, according to the National Stock Exchange.
Total assets reached $609 billion at the end of April, a 27% increase from April 2007.
When it rains, it pours: net cash inflows for ETFs during April totaled $36 million.
U.S.-listed ETFs total 740, a 49% jump from April 2007. There are more ETF and ETN issuers than ever, too: 33 now, up from just 18 last year.
Can these April showers bring a market flourish for ETF investors during the month of May?
Tags: ETNs
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