29.04.2009 - Back to basics: Exchange-traded funds revealed
From Whatinvestment.co.uk: While many investors have been withdrawing their money from traditional forms of managed fund during the current financial crisis, one area has experienced significant growth. Both the numbers of, and the value of assets under management within, exchange-traded funds (ETFs) have increased dramatically over the past year, and market participants expect this trend to continue in the future. Deborah Fuhr, global head of ETF research and implementation strategy at Barclays Global Investors, points out that ‘11 April 2009 marked the ninth anniversary of the listing of the first iShares, the first ETFs in Europe that were listed on the Deutsche Börse. Today in Europe there are 672 ETFs with 1,706 listings and assets of US$135.6 billion from 29 providers listed on 21 exchanges.’.....Full Article: Source