U.S.-listed exchange traded fund (ETF) and exchange traded note (ETN) assets climbed upward for the month of April, according to the National Stock Exchange.
Total assets reached $609 billion at the end of April, a 27% increase from April 2007.
When it rains, it pours: net cash inflows for ETFs during April totaled $36 million.
U.S.-listed ETFs total 740, a 49% jump from April 2007. There are more ETF and ETN issuers than ever, too: 33 now, up from just 18 last year.
Can these April showers bring a market flourish for ETF investors during the month of May?
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.