Even though we've seen a lot of ETF closings and redemptions lately, the ETF industry continues to grow in both number of products and assets. And according to a recent article from Investors.com, there are over $2 trillion in assets under management within exchange traded products.
The data comes from a recent study by Blackrock (the minds behind iShares ETFs and iPath ETNs), which pointed out that 2012 was a banner year growing by about 27% in assets over 2011. And according to the data, this trend is holding true so far in 2013 as well.
We talk a lot about ETFs and ETNs launching and closing (and being developed) on this blog, but it's good to see data about the assets increasing as well. And hopefully as this industry grows, 2013 will be another great year.