Combined exchange traded fund (ETF) assets jumped according to the Investment Company Institute. U.S. combined assets leaped $22.29 billion to $466.55 billion in April. ETFGuide reports this is a 5.0% increase over March. Moreover, during April the value of all ETF shares issued exceeded that of shares redeemed by $6.63 billion. So far in 2007, ETFs have a net issuance of $21 billion. More proof that the ETF industry is alive and well.
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.