So far, the markets and exchange traded funds (ETFs) have gotten off to a slow start in 2008. Ten new ETFs were added to the market in February. However, 11 were liquidated, bringing the total number of funds to 633.
The assets are down, too. U.S. ETF industry assets fell last month to $557 billion – a drop of $12.9 billion. The drop is largely because of continuing weakness in global equity markets.
Chart courtesy of ETF Snapshot.
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.