MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 13, 2008 Market Roller Coaster Shakes Up the ETF Industry The ETF industry suffered through market volatility along with the mutual fund industry in February. According to a State Street Global Advsiors' Monthly ETF Snapshot, U.S. ETF assets declined by $12.9 billion to $557 billion. Also, the number of ETFs liquidated was higher than the number put on the market. Eleven funds were liquidated while ten were added. One new player did enter the market in February. Manhattanville, NY-based Greenhaven Associates launched its first ETF. The ETF currently has $32 million in AUM, already making it larger than four of the other 22 players in the space. Printed from: MFWire.com/story.asp?s=17681 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |