ETF Assets Alive And Growing

July 08, 2008 at 1:00 am by Tom Lydon

508274892Although the news seems plagued by negativity, the assets invested in exchange traded funds (ETFs) continues to grow.

According to the Investment Company Institute (ICI), the combined assets of U.S.-listed ETFs rose by $14.36 billion, to $610.31 billion, reports ETF Guide.

An increase of 2.4% in comparison to April, and an increase of 25.7% compared to May of last year, is exceptional growth. Also, during the month of May, the value of all ETF shares issued beat that of all the shares redeemed, by $3.21 billion.

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    • Tom Lydon: Hi Harry, The fund has not launched yet. We’ll let you know when it does. RVEI is the ticker symbol...
    • HARRY FOREMAN: I’M CONFUSED: WHAT IS THE SYMBOL? RICI RJI RVEI HAS NOT THE NEW FUND(RVEI) BEEN STARTED YET?
    • Tom Lydon: Hi Ted and Sheia, There is the PowerShares Financial Preferred (PGF), iShares S&P U.S. Preferred...
    • Tom Lydon: Thank you Paul for pointing this out. I apologize, it should be that ITA is down 15.5% year-to-date, not...
    • Donato: What am I missing? You mention sales gaining 23% in June, China’s economic strength, and growth in China is...

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