The exchange traded fund (ETF) market showed growth in varying degrees all over the world in 2007.
Korea saw impressive change, reports Park Hyong-ki of the Korea Times. There, the net assets grew 55% to $2.6 billion and they nearly doubled the number of ETFs listed from 12 in 2006 to 21 at the end of last year.
What’s next for the Korea Exchange (KRX)? It plans to list even more ETFs that track socially responsible and fundamentally sound companies, as well as index funds overseas. The goal is to list as many as 50 funds by 2010.
Singapore’s growth wasn’t chopped liver: the number of assets in ETFs
grew by 113%, to $1.8 billion. Japan’s growth was the slowest, at 2%.
The United States remains the biggest market for ETFs, followed by
Europe.
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.