Exchange traded funds (ETFs) had another month of growth in May.
Twenty-three new ETFs were added to the fold in May, and the most positive performance was seen by global equity markets, according to ETF Snapshot. The industry also pulled in another $17 billion in assets.
The number of available ETFs grew by 34.7%, from May 2007, while total assets grew 26.1% from the previous year. The U.S. ETF market now has 683 ETFs and $612 billion in assets.
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