WSJ – Exchange-traded funds are now a trillion-dollar business, according to a report by BlackRock Inc., the largest ETF firm.
BlackRock, which bought the iShares ETF business from Barclays PLC last year, on Wednesday said assets in ETFs around the world reached a peak of $1.032 trillion at the end of 2009, up 45% during the year. The surge came as markets rebounded from the financial crisis and investors continued to pour money into the funds.
