ETF Assets Jump 1.1% to $422 billion in January; Set to Climb 40% in 2007 

The net amount of money invested in exchange traded funds climbed 1.1% or $4.5 billion in January to $422 billion, according to State Street Global Advisors, reports IBD. 

The combined assets of the nation's exchange-traded funds (ETFs) were $422.48 billion in 357 funds in December 2006, according to ICI.

Assets of Exchange-Traded Funds by Type (millions of dollars)

   

December 2006

December 2005

Total Domestic Equity Index

290,776

220,606

 

Domestic (Broad-based)

232,487

186,832

 

Domestic (Sector/Industry)

58,289

33,774

Global/International Equity Index

111,194

65,210

Bond Index

20,514

15,004

All

422,484

300,820

Over the past 12 months in 2006, ETF assets increased $121.66 billion, or 40.4%. Assets in domestic equity ETFs increased $70.17 billion since December 2005, and global equity ETFs assets rose $45.98 billion during this period, ICI said. In 2006, ETFs have experienced a net issuance of $73.92 billion.

ETF assets are projected to grow 35% to 40% in 2007, according State Street, on increasing acceptance of ETFs by both individual and institutional investors, and new products. 

28 new ETF funds entered the market in January, bringing the total to 387, says State Street.

International ETFs saw inflows of $2.9 billion, rising 2.8%, while inflows into specialty ETFs such as dividend payers came in at $1.3 billion, for an 8.4% increase.

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