rose $20.1 billion in August, up 3.3% from the previous month, to $661 billion, according to a report from State Street Global Advisors. The increase marks the sixth consecutive month of increases for the funds, which trade daily on exchanges like stocks,” Daisy Maxey Reports From The WSJ.
“Assets declined in only two ETF asset classes — inverse and leveraged ETFs, which were down $2.09 billion, and commodity ETFs, which were down $326 million, according to State Street. Assets in inverse and leveraged ETFs declined $1.9 billion in July, it reported.” Maxey Reports.
Scott Burns, director of ETF analysis at investment-research firm Morningstar Inc., said there is no doubt that the regulatory issues and new policies at brokerage houses have played a part in the declining assets.
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