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