While the New Year is a perfect time to look ahead and plan accordingly for what we think is in store for 2009, we first thought it would be interesting to take a look back at 2008 to see which ETFs were the top performers in their respective categories. Despite the huge inflows that ETFs enjoyed during the year, assets under management still fell about 7% year over year-simply a function of the broad-based declines in the markets. Scott Burns, director of ETF Analysis wrote an article at the end of September discussing some theories as to why there has been such a divergence in asset flows between ETFs and their open-end mutual fund brethren. ![]() ![]() In 2008, ETFs experienced total cash inflows of approximately $160 billion, with much of the action occurring in the back half of the year when fear trumped greed and markets went into panic mode.
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