|
|
Article: Adding ETFs to your investment portfolio
- Article from:
- New Straits Times
- Article date:
- June 27, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
New Straits Times
06-27-2009
Adding ETFs to your investment portfolio
Edition: Main/Lifestyle
Section: Business Times
Column: Wise investing
Type: News
EXCHANGE-traded funds (ETFs) are one of the innovative financial products that have emerged in recent years. At the end of May 2009, the Global ETF industry had 1,660 ETFs with 3,008 listings, assets of US$775.20 billion (RM2,744 billion) from 90 providers on 42 exchanges around the world (Barclays Global Investors, May 2009). ETFs are essentially unit trust funds that are listed and traded on a stock exchange. In Malaysia, the first ETF introduced was the ABF Malaysia Bond Index Fund which was launched in 2005 (Lipper Hindsight, March 31 ...