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The Investment Company Institute announced that it has begun to collect and report data monthly on exchange-traded funds, or ETFs. The ICI reports will cover all ETFs that are registered investment companies but will exclude Holding Company Depository Receipts, or HOLDRs, because they are not issued by registered investment companies.
In December 2000 there were 80 ETFs with a total of $65.6 billion in assets.
The ICI announcement is available at http://www.ici.org/facts_figures/etf_1200.html
Copyright 2000, John M. Baker, Esq., Stradley, Ronon, Stevens & Young, LLP, 1220 19th Street, N.W., Suite 700, Washington, DC 20036 – (202) 822-9611- Fax (202) 822-0140 This article was originally posted to the FundLaw List, http://www.egroups.com/group/fundlaw. To subscribe to FundLaw, send a blank e-mail to email@example.com
Nothing herein is intended as legal or financial advice. The law is different in different jurisdictions, and the facts of a particular matter can change the application of the law. Please consult an attorney or your financial advisor before acting upon the information contained in this article.
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