ETF Assets Increase to $608B

The combined assets of the nation's exchange-traded funds (ETFs) rose in December by $36.3 billion, or 6.3%, to $608.4 billion, according to the Investment Company Institute (ICI).

On a year-to-date basis, ETF assets increased $185.8 billion, or 44%, an ICI news release said.

Assets in domestic equity ETFs increased $103.1 billion between December 2006 and December 2007 and global equity ETFs assets rose $68.5 billion during this period.

Assets of bond index funds were $34.6 billion and hybrid index funds were $119 million in December.

During December, the value of all ETF shares issued exceeded that of shares redeemed by $44.52 billion.

The detailed December data can be found at while general information about the ICI ETF data is available here.