The combined assets of the nation's exchange-traded funds (ETFs) increased by $18.25 million, or 3.7%, to $507.11 billion in August, according to the Investment Company Institute (ICI).
Assets in domestic equity ETFs increased $3 million in August 2006, with all the growth among Sector/Industry ETFs. Global equity ETF assets rose $4 million during the month, according to the ICI data.
Bond ETF assets remained at the same level in August.
During August, the value of all ETF shares issued exceeded that of shares redeemed by $15.62 billion. So far this year, ETFs have experienced a net issuance of $59.31 billion, according to the ICI.
Over the past 12 months, ETF asset have increased $147.22 billion, or 40.9%. Assets in domestic equity ETFs increased $83.16 billion since August 2006, and global equity ETF assets rose $55.29 billion during this period.
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From Monday, September 24 through Wednesday, September 26, 2007, PLANADVISER hosted its first national conference for advisers. Titled “Taking Charge: Building a thriving 401k practice in a rapidly changing market,’ the conference brought together over 325 people, including nearly 250 advisers, at the Ritz Carlton in Orlando, Florida.
The Future of the Independent Adviser According to representatives from LPL, National Retirement Partners, and Raymond James, retirement plan advisers working in the independent channel will have many opportunities to broaden their businesses in the future.
The Future of the Wirehouse Adviser Although there will always be a market for the wirehouse adviser, particularly due to brand recognition, the changing retirement landscape calls for some tweaking of the wirehouse model, said representatives from UBS, Smith Barney, and Wachovia.
Making Your Designation(s) Work Plan sponsors and participants may not appreciate what specific adviser designations mean, but designations can still be useful for a retirement plan adviser’s business.
Powerful Presentations Knowing the audience and customizing presentations for specific participant groups are the keys to having an effective participant meeting.
Revenue Sharing: Getting Your Fair Share Scrutiny of fees has never been more intense. A panel of advisers discussed how they are responding to the environment while protecting their bottom line.
Search Me? Monitoring Plan Providers Due diligence requires that fiduciaries monitor the performance and suitability of their plan providers on a regular basis.
Next year, join us for the second annual PLANADVISER National Conference from September 15 through 17, also to be held at the Ritz Carlton in Orlando, Florida.
