Pete Bucci of Ignites reports that exchange traded fund (ETF) assets surged by more than 37% in the past twelve months, according to the Investment Company Institute (ICI). Assets of 333 ETFs sold in the U.S. were up to $396.7 billion in November. During the year, through November, industry assets were up $107.8 billion, which is a 37% increase. ETFs had a net inflow of $56.9 billion for the 11 months. And this is only the beginning for ETFs.
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