October 2009 resulted a much different, and much brighter, picture for the overall exchange traded fund (ETF) industry.
The National Stock Exchange reports that the total number of assets in U.S.-listed ETFs and exchange traded notes (ETNs) rose about 44% from October 2008. The number of assets in ETFs totaled $707.4 billion at the end of the month.
Net cash flows for from all ETFs and ETNs totaled more than $72 billion. There are about 808 exchange traded products listed to date, and of those, 401 have assets of more than $1 million. Apparently, investors are not spooked by the market climate as much as once thought. (Our October ETF performance report is here).
For more stories about ETF performance, visit our ETF performance reports category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.