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March 01, 2009 at 02:00 AM
Assets in ETFs have turned around after a three month decline in the fall of 2008, with the asset level growing by 11.9%, or $56.6 billion, in December according to State Street Global Advisors, citing data from Bloomberg. As of December 31, there was $533 billion invested in ETFs in the U.S. through 22 managers. Large-cap ETFs and international funds accounted for much of the year-end increase, State Street said. In particular, there were 13 new ETFs launched in December, while one ETF was liquidated.
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