Assets in ETFs Reverse Course

Following three months of decline that began in the fall of 2008, assets invested in exchange traded funds grew by 11.9% in December 2008, or $56.6 billion, according to State Street Global Advisors, citing data from Bloomberg. State Street said large-cap ETFs and international funds accounted for much of the increase. As of December 31, there was $533 billion invested in ETFs in the U.S. through 22 ETF managers.

There were 13 new ETFs launched in December, State Street said in a release January 23, while one ETF was liquidated.