Assets in exchange traded funds (ETFs) rose by 9.4% in October, totaling $383.3 billion. ETFs are not only tax efficient and low cost, they conveniently trade like stocks and are doing quite well. Total assets were up about 29% from the end of last year, reported by the Associated Press. Year-to-date through October, the value of ETF shares issued outweighed the value of those redeemed by $53.9 billion.
By the end of October, there were 228 domestic stock ETFs with assets of $268 billion, 81 international ETFs with $95.4 billion and 6 bond ETFs with $20 billion.
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