ETF Assets Take A Breather Since Reaching An All Time High

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November 9, 2009 4:18pm ETF BASIC NEWS

etf-asset“Assets in the exchange-traded fund industry totaled about $689 billion as of Oct. 30, down 0.8%, or $5.3 billion, from a month earlier


, according to a report today from State Street Global Advisors. The slight decline comes after assets in the ETFs reached an all-time high of $695 billion on Sept. 30,” David Hoffman Reports From Investment News.

“Declines were concentrated in the large-cap and small-cap categories. Assets in large-cap ETFs fell more than $5.3 billion, and assets in small-cap ETFs fell more than $2.3 billion,” Hoffman Reports.

“Seven of the ten sector categories lost assets, with one-third of the total sector losses coming from financials, according to SSgA. The remaining losses were spread evenly among consumer discretionary, health care, industrials, materials, technology and utilities,” Hoffman Reports.

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