March 2010 Vol. 16 No. 03
ETFs expanding and evolving at a furious pace
By Chrysant Liu
Commodity-based and actively managed products sparking a lot of interest
In the market turmoil of late 2008 and early 2009, exchanged traded funds (ETFs) rapidly emerged as a competitor to the mutual fund industry. Globally, net sales of ETFs were US$93.8 billion compared to US$13.3 billion of mutual funds during the first nine months of 2009, according to the ETF Landscape Year End 2009 report from BlackRock. At the end of 2009, ETF assets in the globe had hit an all time high of US$1.03 trillion, rising a whopping 45.2% from $710.9 billion at the end of 2008.
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